Summary:

• In week gone by Index was up by near to 1.4%. It was a very volatile week but protected 17150 immediate support levels.
• Moving above the 17400 level can indicate further upside up to the 17700 to 17800 level which is the previous resistance band.
• Key levels for bulls in the short term are at 17150 and 16700 in the midterm. From a sector perspective, Cement, chemical and service stocks are in positive movement.

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