1.CANDLESTICK
1HR CHART BEARISH DIVERGENCE FORMED
2.FUT DATA
Change in OI -2.55% Long Unwinding
Change in OI +5.47% Short Buildup (Bank Nifty)
3.Option Chain Analysis
Weekly Bearish
Heavy Call writing & Put writers Unwinding
Monthly Bearish
17000 Strong Support
Support 17,200 / 17,050 / 16,930
Nifty Closing Below 17,050 on 1 HR Chart we can see fast Momentum Downside.
Note Closing above 17,360 will make this Short setup Void.