It's 'Correction' Time..Targets 17250, 17000

Aggiornato
Nifty will correct from here. This was suggested in previous post on Friday.

Sell on Rise.

Targets 17250, 17200, 16800, 16500. Sell on rise, and keep trailing stop loss, and book partial profits whenever it goes in your direction.

This is Invalidated when Nifty closes the day above 17670.

You can happily initiate shorts whenever Nifty rises.

Good Luck and STay safe.

Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
171415 seems like a support for now. It should be the first support that needs to be broken.

Also, you need to understand that the time line to reach suggested targets should be in couple of days.

Suggested Stop loss - 17600. If Nifty closes above 17600, it'll most probably head to 17670, and if that resistance is shattered, then the whole idea is entirely invalidated.
Nota
17316 - This support needs to be broken today for Nifty to see 17250. Book partial profits near these levels.
Nota
They're making Nifty dance around this 17316 level for the last 45 minutes.

Bring down your Stop loss to 17370.

And you can short at any levels below 17370 for a target of 17250. But, first it needs to break 17316 support.
Nota
Update target to 17196 once 17250 support is breached.

Update your STop Loss to 17320.
Nota
17229-17235 levels. Nifty may dance around these levels. Be careful.
Trend Analysis

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