NIFTY Daily Time Frame Analysis

NIFTY Analysis: Daily Time frame.

With the current level of NIFTY, 17600-17400 level, these level are important support.

Seneiro 1:
If NIFTY maintain above these level then it can be said NIFTY in consolidation phase.

Seneiro 2:
If NIFTY Breaks this zone of 17.6k-17.4k and hover above 17.6 then It can be said NIFTY in correction phase.

Seneiro 3: 17060-16710 level are potential support zone for NIFTY in correction phase, below this zone NIFTY will turn Bearish.

Please share your views as well.