Nifty closed on a bearish note today.
Global parameters looks bearish.
In case Nifty opens flat then Bearish Reversal zone of 17661 is a strong resistance and we can go short.
In case of 17575 getting compromised we can again expect Nifty to go and test 17531 & lower Target 1 & Target 2.
Nifty looks to be sell on rise tomorrow. Once 17704 is taken on upside that when it will turn again bullish.
Global parameters looks bearish.
In case Nifty opens flat then Bearish Reversal zone of 17661 is a strong resistance and we can go short.
In case of 17575 getting compromised we can again expect Nifty to go and test 17531 & lower Target 1 & Target 2.
Nifty looks to be sell on rise tomorrow. Once 17704 is taken on upside that when it will turn again bullish.