NIFTY UPDATE

NIFTY: completed minimum pull;back target of 17,450 on spot! Going forward supports have shifted higher to 17,200! On TIME FRONT tomorrows low would be very critical for rest of the month! Not only for (INDIA) but for (U.S. MARKETS) as well!
I have been expecting a bounce before a sharp turn lower and MARKETS have done that! From here would look for reversal signs! Before adding shorts! There was a LONG Trade at 17,100 and that have played out well!
At 17,500 we are much higher then where we were yesterday morning! So those profits should be protected! NIFTY have very strong resistance at 17,600-17,800, this has to be watched very closely! It co-insides with HEXAGON and CHANNEL resistance!
Will wait for markets to turn before fresh shorts! Tomorrows low holds the key!