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Markets at Crucial Juncture. Close Below 17555 would trigger panic selling.

 Nifty reversed from 18200 zone and fell 17450 on Budget Day. 

Now nifty holding on crucial support zone 17555-17500 zone.

Once nifty close below this level, we can say , panic selling may trigger.

Fundamentally, many bad news coming every day. this kind of panic can continue some more days.

Avoid buying fresh long positions for investment.

Next level to watch 16800.

Regards,

Suryadev Bandari

Research Analyst





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