Important levels on the down side: 16840 / 16812 / 16768
Important levels on the upside 17055 / 17140 / 17330
16985-16880 could be consolidation level for Nifty
Till the time Nifty is above 16840 I might be inclined towards buying the Dips
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
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