As said yesterday Nifty opened in red today and continued to drift down !
Nowonwards 17400 likely to act as resistance . As per our expressed view we kept selling the index on every rise .
Today #Nifty bounced back sharply from psychological support but it has failed to breach 17350-80 zone . So the level to be watch is this on closing base . Tomorrow is also crucial day for Dow future which is trading below huge resistance . Today we have covered short in morning which were initiated on last week.