US FED spoils the party. What will happen next week?

Data from US and Hawkish Fed spoiled the rally started by DII and retail investors who were on a buying spree. The support levels to watch on Nifty in the coming week will be Friday low of 17303, 17214 and 17119. 17119 will be a major support below which we will see sheer weakness in the market where bears would come into play and take market to 16840 or 50 days EMA level of 16686. On the upper side resistance levels to watch for are 17461, 17524, 17639 which was peak of the week gone by.