Negative Butterfly pattern can be observed on nifty daily chart which if triggered can make nifty fall till 17000.. we can search for short opportunity when nifty starts falling from 18250 levels
nifty on resistance and trying to getup. but things are not in favor as per the market conditions nifty will test previous low to get better support hourly chart is showing weakness which can lead a fall till 17450.
as per the market omentum and price action indicating that nifty has a possibilty to ride 17300 as global markets are trending towards new highs. be patient if it breaks and sustains above 17000 then only we can consider a buy.
