Sgx nifty

For some days sgx is consolidating within a range in daily tf ..
A close above 17470 - 17480 can be bullish ..
But considering the macd it is showing weakness in the market ..
A close below 17130 - 17120 can be bearish and below 16980 - 16990 acts as a good support . A close below can be a bearish signal.

Important levels
Bullish - 17470 - 17500
Bearish 17130 - 17120 also 16980

Watch out for these levels for upside and downside move