Algo trading
Algo trading suggesting 8242-8256 area in NIFTY17JANFUT.
Initiate positional short at this level by hedging with Call Options to avoid SL Trigger order for this Series.
In case this resistance stands;
1st Support will be 8232 and 2nd Support coming around 8216
8160 looks last support
Below this 8000 Cake is ready !!