The candle indicates weakness in NIFTY. NIFTY is searching for the support but even after a dip of 1.27% today it did not find one. More mayhem could be awaiting us next week if Nifty does not find the support soon. The points where NIFTY can find support next week are 17150, 17025, 16978 and 16852. Below 16852 there can be a long march towards lower 16Ks or even lower than that. Let us hope that we find support at some point. In case we find a support and there is a bounce. The resistances will be near 17279, 17415 and 17562.
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