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Initial range Breakout done. Now crucial resistance trendline at 17700-800.

 Bulls successfully surpassed initial resistance at 17440 and trading higher.

Next trendline resistance at 17700-800 zone, once this falling trendline resistance breakout, then bulls get even more force to move higher.

Be careful in selecting stocks at this juncture.

Metals, Banking, IT, Auto sectors looks bullish from hereon.

Supports at 17370-310 zone.

Resistance 17520-17700-17800.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com



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