expecting a flat tosmall gapup opening in nifty with retest at 16900 levels. expected to be in range bound 16900-17100
if retest at 16900 can expect movement up to 17100. expecting nifty to spend time at 17000 levels to erode premium and close at 17000 levels
ideal setup would be longside trade at 16900 with sl of 16880 for targets of 16950/17000/17050/17100
in case of rejection at 17000 levels downside target could be 16950/16900/16850
if retest at 16900 can expect movement up to 17100. expecting nifty to spend time at 17000 levels to erode premium and close at 17000 levels
ideal setup would be longside trade at 16900 with sl of 16880 for targets of 16950/17000/17050/17100
in case of rejection at 17000 levels downside target could be 16950/16900/16850