NIFTY Analysis

SGXNIFTY: 17705
NIFTY: 17670
Daily Time Frame:1. Marubozu Candle with good volumes
2. RSI=62
3. ADX=15
MT and ST Outlook: Short Covering PCR:1.18 and VIX=18
Support Zone 1: 17530-17550
For upside wait for a retest on the support zone1
Upside Target: 17750-17780
Support Zone 2: 17420-17435
For downside wait for the break of support zone 2
Downside Target: 17305-17320