Nifty oversold, can consolidate at 17,200-17,900: Analysts

​Based on the rollover analysis and chart setup, we expect midcap IT, defence, and CPSE space to outperform with long build-up visible in names such as UltraTech, ONGC, Siemens, IGL and Polycab, and short build-up in banking, oil & gas, metals, auto, and real estate with stocks like M&M, JSW Steel, Jindal Steel, Hindalco, HPCL, Godrej Properties, DLF, and Canara Bank.

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