The immediate support for Nifty is around 17543, if that is compromised there is a very good support around 17506 levels. Any support around these we can expect Nifty to again bounce back. In case if this support is compromised we can expect Nifty to again test 17440 and lower levels.
In case if Nifty sustains above 17500 then we can expect Nifty to again test out 17600 & 17700 levels.
Took the long trade on the Bullish reversal zone in Nifty.