Below 16,800 NIFTY would again come in a Position where it was on (MONDAY) Technically the Game would again begin on Short,side! Today is a (TIME,SQUARING DAY) so a volatile move was always expected. After Open if 16,800. Breaks then we would come out of our (CALL,LONGS) and would look to reverse Positions! I never prefer or advice Trading in Futures. OPTIONS are always better. This is not a market to take aggressive trades on a single direction so keep Trading this Market with thin volumes using OPTIONS! Dont Take this Market Seriously it could surprise you anytime! But for now respect (PATTERN AND MENTIONED LEVELS)!
As long as NIFTY stays below 17125 setup would stay week. Weakness would intensify below 16800 on spot.
