Volumes on the NSE were the lowest since September 12. Technically, the Nifty has formed a lower top formation on daily charts and a long bearish candle on daily charts, which is broadly negative. 17,166 is the next support for the Nifty post, which a sharper fall could ensue.
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.