The Nifty has surpassed 17,000 and should go towards 17,300 next. If 17,300 is surpassed, we should not rule out 17,800. 17,800 should be a major resistance. The recent upmove comes on the back of short-covering and appears more like a technical bounce.
Adani Green among 2 stock recommendations for Monday
Domestic equities ended flat on Friday as MPC matched market expectations, while supportive measures announced by the RBI Governor helped strengthen the rupee.