Summary:

• In the week gone by, Nifty was up by 2%.
• The index had ironed out immediate hurdles like 17400 which had set a positive tone in short term.
• The index can be considered in a bullish zone as far as the index sustains above the 17350 level.
• On the higher side, the Index has resistance around the 17800 level.
• From a sector perspective, Nifty Bank, IT, and Energy sector has positive strength whereas Nifty auto, Realty and Nifty junior have a weakness.

Resistance: 17700/17800
Support: 17350/17000

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