Nifty has shown unrealistic missiles of long momentums and surreal breadth of velocity that has killed the volatility index sharply. Beyond the 17800 Resistance their lies few pits and falls where it can dagger back to 17500 for once other than that the Uptrend has officially begun as the DOW Theory Confirms it through Signals of a Trend Thesis. But it is still in danger zone until 17800 is passed above, looking at OI data that seems like a not a huge task though.
