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Nifty brokendown key support 17070-17000 zone today. Bears getting Strength.

 Nifty cmp 16950. 

Bulls failed to hold key support zone 17070-17000.

Bears getting strength. More selling pressure ahead.

Once nifty break and close below 16800 spot level, we can witness more selling pressure towards 16400--- levels in coming sessions.

Resistance 17150-250.

Supports 16800-700/16400/16100.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com


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