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- Major support -16420 ( trend line joining 14770 and 15523)
- Major Resistance - 17200
- The index has made a low of 16493 at the time of writing and slightly recovered from that level. It is currently trading around 16553.
- The index is facing minor resistance around 16800 and any break above targets 17030/17200.
- On the lower side major support is around 16420 and break below targets around 16200/16000/15500.
- Short term weakness can be seen only below 15500.
It is good to sell below 16420 with SL around 16800 for the TP of 16000/15600
