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Occurrence of consecutive narrow ranged bodies reconfirm the resistance zone around 17830-17880 toremainstiff.Itsdaily strength indicators are flat as RSI continues to gradually inch higher at 62 while ADX is still below25breakoutzone;which remains a threshold level to gauge fresh momentum if any. The 0-2 trendline is now placed around17500whichalsosuffice as a stop loss level for the existing bullish bias. A sustained breakout above 17880 with its ADX movingrapidlyaboveits 25 mark is an immediate requisite for fresh momentum longs. On the flip side any breakdown 17700supportlooksimmature as a move below the same could push the index towards 17488 quickly. But in case below17488zone, itcouldlead into a larger wave corrective move. Options data for the week indicates bounds been placed 18200-17700eithersidebreakout would develop aggressive unwinding pressure. As of now further fresh longs to be added only oncethebreakoutabove 17830-17880 zone is evident else maintain existing longs with a stop below 17488.

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