Below 16950 can trigger Panic Selling pressure.

 

#nifty trading at Fence.

 Bleeds below 16950. 

Resistance 17175. 

Stay alert with stoploss. 

Sustain below 16950 can trigger severe selling pressure. 

Options Data favoring Bears.

 

 #investing  

#tradingview 

 #nifty 

 #elliottwave

Regards,  

Suryadev Bandari

Research Analyst