Based on Fibonacci Arc strategy,
NIFTY might take support around 17120-17200
Either the circumstances or technicals doesn't indicate strenght so far.
I assume NIFTY might continue to go down till 17120-17200.
200DMA is around 17280 on 02.02.2023
NOTE: I might go wrong !!
The analysis was just provided to best of my knowledge and doesn't compel to take any positions.
Disclaimer: Due Diligene.
