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Nifty may find key support at 17,493; market awaits Budget, Fed meeting this week: Experts

Nifty has broken below an important support of 17,800. This indicates that there could be further selling pressure. In that case the index could drag lower to 16,750 levels. Immediate support for the index is placed at 17,500 levels. Resistance for the index is placed at 17,800 levels, says Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities.

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​ Nifty has broken below an important support of 17,800. This indicates that there could be further selling pressure. In that case the index could drag lower to 16,750 levels. Immediate support for the index is placed at 17,500 levels. Resistance for the index is placed at 17,800 levels, says Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities. Nifty has broken below an important support of 17,800. This indicates that there could be further selling pressure. In that case the index could drag lower to 16,750 levels. Immediate support for the index is placed at 17,500 levels. Resistance for the index is placed at 17,800 levels, says Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities.  Moneycontrol Latest News Read More  

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