The next resistance zone is 17630-17800
Now as we saw a one way move from 17000 we may see a consolidation after Nifty hits 17630. Or a minor correction from there. Once we get breakout from consolidation or we clear the 17630 level after a correction then Nifty can go till 17800.
Nifty can directly go, but generally that don't happen as market will not move in a single direction. But plan for selling only if you see signs of correction around 17630.
This is not a trading advise.
You can post your doubts in comment section, also please share if you have different view and the logic behind that view so we all can learn.
Now as we saw a one way move from 17000 we may see a consolidation after Nifty hits 17630. Or a minor correction from there. Once we get breakout from consolidation or we clear the 17630 level after a correction then Nifty can go till 17800.
Nifty can directly go, but generally that don't happen as market will not move in a single direction. But plan for selling only if you see signs of correction around 17630.
This is not a trading advise.
You can post your doubts in comment section, also please share if you have different view and the logic behind that view so we all can learn.