17650 - 17800 is a consolidation zone
Clearly the Index is moving in a HH pattern and taking support in the lower trend line. since last 2 days index is trading in a range of 150 points where sellers trying hard to push the index down, instead of positive global cues index closing lower after opening at higher levels but unable to break the range hence its creating a range which may act as strong support if index sustains above 17800.
Resistance - 17915, 18k,
Support - 17650, 17500
Resistance - 17915, 18k,
Support - 17650, 17500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.