“Intraday weakness can be seen below 17,833 with initial targets placed in the zone of 17,764 and 17,724 levels. However, traders are advised to remain cautious about creating fresh long positions as some momentum oscillators on daily as well as weekly charts are in overbought zones,” Mohammad said.
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However, the broader picture remains bearish, with the lower-end support positioned at 34,700. A breach below this support level could intensify the downward momentum in