NIFTY - MUNDANE MONDAY

Nifty - bulls lost the plot, waiting to cross the path of the recent low. Clues red, yet to factor all the negatives. Break and close below 17000 opens up case for the recent low around 16400. Factors like Ukraine (noise, posture or real), FED Meeting later today. One thing is clear, markets hate uncertainty. Favour shorts below 17450. Question is what if we open 1% lower and what is the approach. That Depends on if it is trading or taking profits of the investment. If we open 17200 then clearly 17380 is the stop. For sake of guidance current supports are the resistance hence they make important they are 17330-17280-17230-17180 clearly every 50 points is the stop. Supports 17100-17030-16950-16930-16880.