Nifty setup for Tuesday

On Monday Nifty open gap down and we have seen strong comeback within 1st hour of trading and closed 82.50 points up.

Near futures Nifty is heading towards 17400.

For Tuesday buy above 17120 for target of 17200 followed by 17270.

On this flip side 17000 is strong support and on Monday we have observed heavy put writing at 17000 level.

For more details and levels you can follow our charts.