NIFTY has given a big bullish candle on the hourly chart, but is now stuck at the 17500 level. Breach and close above 17520 on the hourly chart will take NIFTY towards 17600. Current levels to be traded cautiously. Waiting for close on hourly candle would be prudent. Failing to close above 17520 on the hourly chart will make NIFTY move in range of 17400 to 17500.
