Nifty continued to watch the rollercoaster up during the main part of the trading session on February 16. The index opened with a small gap and then witnessed the consolidation in the first half of the trading session. In the second half of the session, the Bulls demanded and pushed Nifty towards the high point of the day.

But geopolitical tensions continue to affect the benchmark index that submitted their profits because the session approached the closure. Nifty banks with more fluctuating and poor performing in all sessions.

In the future the volatility is expected to remain part of an intraday trip and the trader must remain with the toes.

Direct support for Nifty is placed at 17,250 levels under pressure can add intraday bases. Medium-term support is placed around 17,100-17,130 levels.

Here are two buying calls for the next 2-3 weeks:

JSW Energy: Buy | LTP: RS 331.20 | Stop-Loss: RS 310 | Target: RS 360 | Back: 9 percent

JSW energy has come out of consolidation of 3 months. But the stock witnessed a strong breakout with volume, because the market volatility was unable to sustain a higher level.

Stock has now bounced after retesting the breakout area and taking support from Ichimoku Kijun on the daily chart.