it can be seen that nifty has touched tenkansen in weekly chart which is a buying signal or demand zone after 19 april 2021. sgx nifty showing a gap up opening possible. here it is not wise to sell here, and upside resistance is at 17200. a close above 17200 in hourly chart might give a buying chance with stoploss of previous day close at 17186 hourly close. for target 17300, 17350.
for selling a close below 17100 in daily close might guide for target 16800 .
for selling a close below 17100 in daily close might guide for target 16800 .