scorecardresearchTechnical View: Nifty witnesses profit-booking; analysts see strong support at 17,000

Technical View: Nifty witnesses profit-booking; analysts see strong support at 17,000

Updated: 21 Mar 2022, 04:59 PM IST
TL;DR.
Nifty witnessed profit booking as traders started booking profit as the benchmark approached key resistance level. The index finished at 17,117.60, down 169 points, or 0.98 percent and formed a bearish engulfing kind of formation.
The short-term technical condition of the market shows that the expected range of the market is likely to be between 17,000 and 17,400.

The short-term technical condition of the market shows that the expected range of the market is likely to be between 17,000 and 17,400.