"The market is opening the scope for 17,250 and 17,000 levels on the lower side. The structure of the index is negative, indicating that downside risks are increasing. The VIX is rising, indicating that the market is becoming more volatile. Today, we opened positive but fell to surpass the immediate hurdle of 17,535 and drifted lower. We believe that sell on bounce could continue and that 17,535 could act as a hurdle. "
