Traders short and holding the same can maintain the stop loss at 17580.
Expect lower range of 17120-165725.
Reversal can be seen above 17580 closing. In that case a rise towards DRV can be witnessed.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
17285.00
17829.20
DOWN
0.4
11400.00
16725
17120
17350
17515
17910
*Trend will remain Down as long as last close is below the pink color DRV.Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV:Close >DRV.If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
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