Nifty making lower highs for last 5 sessions. What investors should do on Friday

Nifty has been consistently taking support near its 200-DMA at 16,950, while facing strong resistance at 17,150. Now, it has to hold multiple support of 16,950 zones for a bounce towards 17,117 and 17,171 zones, whereas supports are at 16,950 and 16,888 zones, said Chandan Taparia of Motilal Oswal.

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