Can Nifty move towards 17200? Looks possible, with Falcon Waves pointing towards some market structure that can even go to 16800 for one last time.
At this moment I am prepared for both, market maker can do anything but they can not manage Heikinashi Candles so don't miss that, and if you want to reduce noise then shift to Renko trading, however I just want to point out that this is the time to make money.
Focus on higher time frames, look for trigger line method, and HA candles.
Falcon Wave moves in 3 or 5 waves, and structure reflects on higher time frame. We are in ABCDE pattern of Falcon Wave, where we are in wave A of monthly chart.