There is a Supply Zone @ 17800-17900 and 17935 to 18320. Currently it is trading in the 17800-17900 Supply Zone. Risk to reword is favourable to take a short position. It will be strong once 17800-17900 supply zone will convert into Demand Zone.
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Strong Buying is absent from the supply zone ... positive sign for Short Position...Still Strong selling is also absent....Let's see...
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It is important to get the strong follow through below 17800 otherwise...will have to close the short position
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When price is moving up...Heavy Short position is crated in 17900 and 18000 CE in Monthly Exp...not able to see bullish price action from supply zone... very confusing between 17800-17900
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Nifty @ 17840 --- Expecting trending market on the downside