NIFTY Termination of currrent up leg possible

Bearish View.

1. NIFTY has failed to sustain above breakout zone
2. Second Attempt to breakout failed so far.
3. Bearish below 17345 (work with hedge)
4. Confirmation sustaining below 17000.
5. Target 16200-15200-14200.

Bullish View

1. Bullish above 17726 (Breakout once again)
2. Work with hedge till 17992 taken out
3. Target 19000-20000-21000