NIFTY has started its journey upwards, 17050 important levels. 17200 looks to be the next resistance, as 89EMA and 21 EMA both approaching this level on daily chart. Also 0.618 on daily chart near 17180 which also provides a stiff resistance. 17150 is previous high. Breaking these levels will result in movement towards 17400. Until then, small range between 16800 and 17200 for this week.
