Tech View: Nifty trading range between 16,500-17,600. What investors should do on Monday

On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type candle pattern at the lows.

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2 top stock recommendations from Vinay Rajani

Vinay Rajani of HDFC Securities suggests caution despite the recent market rebound, noting uncertainty persists. He identifies FMCG and NBFC sectors as showing potential, with