LONG TERM View: Close above 17700 on monthly will reach 20090

Long term View: Close above 17700 on monthly basis will take NIFTY to 20090, 20457 and if that is also breached then 22777 and 23978. If there is no correction at this level then we can reach 27866 and 30000 and expect a good correction or long accumulation/distribution. Each lower level becomes support when an upper level is crossed.