Weekly High on Monday and Weekly Low on Friday. Such Patterns potentially ends an Upmove. But nothing moves in straight line. 17,600 was a critical level, mentioned on it last afternoon. Going forward that’s the level to watch. We expects it to be broken soon. Technically 17,850-17,900 is a strong pattern resistance on upside. Near term setup remains sell on rise as far as NIFTY stays below this zone. On downside 17,450 and 17,250 is Possible. But the fall won’t be smooth. There would be corrective upmoves and sideways consolidation. So better not to expect a 1,way move. Shared TIME CYCLE dates earlier in the week, so can refer that post.
Positional trades are fine on NIFTY. But avoid BTST or STBT Trades. This market can hit you both sides, if you look to make maximum overnight. So manage your trades wisely.
gann,insides 