NIFTY has closed in a positive note. Nifty will bullish momentum in the next trading session.
Nifty is likely to test 17200. This can be achieved through gap up also. If index opens flat +-30 points and crosses today's high we will buy for the target of 17200.
Nifty will face multiple resistance in the upside. We will just eat 60-90 points only. As the major trend is in downside.
I will consider selling for my full qty trades and half for buying trades.
It is safe to sell 17000 PE if we get the buying opportunity.
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