Pivot
17000
Our preference
Long positions above 17000 with targets at 18000 & 18500 in extension.
Alternative scenario
Below 17000 look for further downside with 16450 & 16030 as targets.
Comment
Investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances
19150 **
18500 ***
18000 ***
17137 Last
17000 ***
16450 ***
16030 **
Number of asterisks represents the strength of support and resistance levels.