NIFTY looks set for expiry near 17450

NIFTY is facing stiff resistance near 17500 levels. Currently sandwiched between EMA 21 and EMA 89 on the daily chart. On 3-hour chart, EMA 200 and EMA 89 providing resistance at 17450 levels, and on hourly chart EMA 200 providing a resistance at the same level. On the weekly chart, the wedge trendline is acting as a resistance around these levels. Overall, very difficult to break 17450.
On the lower side, EMA 89 on daily chart is providing support around 17400 levels. 17350 is also a firm support based on previous trends. Also current max pain is around 17400.

Disclaimer: I am not a SEBI registered investment advisor. All views are strictly for educational purpose. Trading on these views is not recommended.