“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.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines