Nifty CMP 17511.30. Nifty had broken down the long term channel and formed bearish head and shoulder pattern. 17600 level area will act as resistance in coming days. Very important to maintain 16700 level, else it could see 15370 area early next year.
Trade active:
Nifty bounced off 16700 support area. Made higher high above the resistance level of 17600. Interesting move so far. Let's watch out for few more days before calling it stop loss.