Nifty 17618 SGX indicating -155 pts today as of now. Importan | GreenChip Capital🚀😍

Nifty 17618
SGX indicating -155 pts today as of now.

Important support area near 17525 - 17250 - 16900 - 16600
This 4 are very important support area for Nifty.

Opening likely to be below 17525
Below that mkt may get very weak.
If today's closing is below 17500-17525 range then bulls need to be cautious for next week.
By any chance if Nifty crosses 17525 and closes above that then could see rally till 17620-17700+ in 2-3 days.

Better be watch dog here for next 3-5 days.
Small traders may go for break for 2-4 days.

Option premium being too too costly as of now.
Trading at this premium will be highly risky, let us get trend confirmation &/or some important support or resistance level.