Nifty has shown some weakness in Week 17 and Bulls can seize the opportunity to go long on Nifty Futures or can buy Call Options on Nifty in between 23200 – 23500. We shall wait for the index to fall into the buyers’ area and wait for it to reverse on the one hour chart before going long. Our target shall be 24250 unless the index starts going sideways and makes a sellers’ zone at its current trading area or lower. If it does so, then the Long trade is off the table and we shall not go in. While going Long, we shall also look at the broader direction of NIKKEI and Shanghai Composite Index to confirm if we have the momentum of Asian indexes on our side to support us.