On every dip dip dip from here on sip sip sip...bottom nearbyLooks like bottom for now may be made or might be around the corner.
Play like Rahul Dravid not like David Warner.
Supports on the downside are 16997, 16890, 16832, 16699 and finally 16425.
Resistances on the up side are 17192, 17289, 17435 and 17589 above it will be 17687 200 hours ema and above it 17749 which is 50 hours EMA.
Niftysupports
Nifty closing in on 18KYesterday we had indicated a resistance for NIFTY at 17942 and peak of the day was 17944. Now the resistance could be near 18039 and 18111. Supports on the lower side are 17834 and 17737. Major Support of 50 EMA for NIFTy below which there could be trend reversal and Bears can fight back is near 17388.