The overall structure shows that the index is likely to witness consolidation in the range of 17,000-17,500 in the coming sessions. Indicators such as RSI and MACD are indicating neutral views as of now in the daily chart.Options data suggests a broader trading range between 16,800 to 17,700 zones while an immediate trading range is between 17,000 to 17,500 zones, said Chandan Taparia of Motilal Oswal.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
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