Nifty Tip in Low Vix Environment

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Nifty Spot View: 17/10/2022
Cmp: 17311.80
Support & Downside Range: 17349—17300--17260
Resistance & Upside Range: 17435—17505--17650

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Short Term Trend Reversal Level: -- 16950
Trading View: In today's gap up key level to watch is 17435 spot break and sustain above it for 15-30 mins we may see immediate upside levels minimum 17505 and here 17505 is tough to break and give close above it today if today by 2.30pm we may see sustain above 17505 than we have chance that this up move continues tomorrow as well towards 17650 spot levels if not than we may see again some cooling off and profit booking dip towards 17349—17300 zone, so understand the importance of 17505 spot levels today.

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