The 2nd March expiry will be an intresting play to watch. The expiry will provide better prespective on market's next move and level it can hold in comming weeks. Overall, expiry should start in neutral to sideways and can gain movement in second half of the trading sessions. 17300 is key NIFTY 50 support due to gap formation. In-case the index is able to take the support then a short bounce can be expected. However, the level is crucial, a reverse movement can be expected if the index could not hold the 17300-17350 range in the intraday session.

A confirmed pattern example, M or W pattern in stock charts can help gain confidence on creating a bullish or bearish trading strategy for short term. In-case, the market sustains the 17387 level and with a confirmation on W-pattern pullback, a bullish trading setup could be formed.

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