Nifty is currently at the crucial overhead resistance of 17,800 levels, and a decisive breakout of this area could pull Nifty back into upside momentum. Any weakness from here could find important support around 17,450-17,400 levels, say analysts.the support for Nifty has shifted around 17,450 levels, while on the upside, 17,770 may act as an immediate hurdle.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.