Nifty was going well till it met resistance as expected near 17794 zone where it made this week’s high. In order to surpass the zone and go towards 18K+ Nifty needs to close above 17627 conclusively which is immediate resistance. Other important resistance being the zone near 17800 and 17903. Supports on the lower side will be 17257, 16838 major support on the down side will be 16348 which is 50 weeks EMA.
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