Nifty bulls lost the plot, the cues both price, sentiment and the growing global concerns and local bond market yields does not augur well for the bulls. Thankfully or not today bond and local forex market on holiday. Bulls badly need roses from the bears. It is roses day. That shows how much the bulls need. A direct break below 17300-350 threatens deeper move down (staggered or deep dive is the probability), while a move past 17700-800 is needed for the bulls to breath. Many parts are looking tired at best. We had leadership role Banks, Auto and Commodity so far helping bulls but how long. Lower slower or Lower faster is the option. Shorts below 17680.
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