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Event based volatility would keep the index on the edge as it continues its upmove within the Broadening formation gradually. Both its trend strength indicators remain neutral without displaying any major signal, post event price action would determine the course for the upcoming week. Despite the good recovery the index closed its previous session by forming yet another narrow body formation concealed within its prior days range. A breakout closing above 17900 would help the index scale towards the upper end of the broadening while the pattern support looks firm around 17440-17500 zone. Pullback within the pattern would keep providing a good reward to risk opportunity to add aggressive longs with a revise stop below 17440 on closing basis. A breakout above 17900-18000 remains a requisite to keep the belief for the ongoing upmove sto continue towards the broadening pattern resistance which is placed around 18100 followed by 18400 during the first half of the series itself. Advice remains to retain / add longs on every opportunity going forward during the first half of the series

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