NIFTY is approaching a resistance at 17770 levels. If 17776 is breached on daily chart, we might be able to see a move towards 17915. If not, then a consolidation between 17600 and 17750 is on the cards. Call and put writers are at loggerheads on the 17700 levels. 17800 and 17600 are immediate resistance and support levels. This options data suggests that it won't be easy for NIFTY to break 17800 and move up. A gap up/gap down tomorrow may decide further course. Otherwise, expect expiry between these levels.
