NIFTY- Possible trade for 17-10-2022

The market seems range bound in the morning between 17200-17100. A break of the range in either direction could give a move of around 150 points in the direction the range is broken. On the upside the targets can be 17280/17350. On the downside the targets can be 17072/17020/16980. If the market remain range bound for most part of the day, we can expect sharp moves in the direction of the range the price has been testing.

Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.