Nifty failed to hold 17360, the previous key level. After forming lower highs, Nifty is approaching 17180 level. If this is a retest around 17200, consecutive targets will be 17420 and 17530, on breaking 17360 of course.
On breaking 17180 level, downside targets will be around 17000 and 16850.
On breaking 17180 level, downside targets will be around 17000 and 16850.