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- Major resistance - 17035 (55 day EMA)
- Major support -16500 ( 7 day EMA)
- The index has made a high of 16984 and slightly declined from that level. It is currently trading around 16951.
- The major resistance is around 17035 and any break above targets 17200/17400/17780.
- On the lower side minor support is around 16500 and break below targets around 16200/16000/15800.
- Short term weakness can be seen only below 15500.
It is good to buy at dips around 16700-750 with SL around 16400 for the TP of 17250/17780
