Nifty opened higher & after testing the resistance zone of 17850 retraced back sharply towards support zones of 17650-17600. Technically 17600-17550 holds an Important cluster of support for the Index & the Index can rebound from these levels towards 17740-17781
KEY SUPPORT
17585
KEY RESISTANCE
17738-17774
BANK NIFTY FUT
0
Bears are not letting the Index Trade & sustain above 38000. Technically the Index is in a range of 37400-38200 & either way a break out or break down will trigger a momentum of 400-500 points.