NIFTY fighting at 17580

NIFTY is in a tight spot at current levels. A confluence of all 21, 89 an 200 EMA on the hourly chart coupled with the Fib resistance at 0.382 providing a very small range for movement. Breakout and closing on either side of this level will decide further course. Immediate support at 17420 on downside, and resistance 17780 on upside after the breakout.

DISCLAIMER: I am not SEBI registered investment advisor. All views shared here are personal and for self-education. These views should not be used as trading tips.

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NIFTY is at 17400 as we see it now.