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Technical View: Nifty forms Hammer pattern, major correction possible if index closes below 17,300

For coming sessions, 17,300, the low of Friday, is expected to act as a support area and if the said levels get broken, then there could be further correction up 17,200-17,000 area, whereas 17,600 is expected to be crucial resistance area, which coincides with 200-day EMA (exponential moving average), experts said.

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​ For coming sessions, 17,300, the low of Friday, is expected to act as a support area and if the said levels get broken, then there could be further correction up 17,200-17,000 area, whereas 17,600 is expected to be crucial resistance area, which coincides with 200-day EMA (exponential moving average), experts said. For coming sessions, 17,300, the low of Friday, is expected to act as a support area and if the said levels get broken, then there could be further correction up 17,200-17,000 area, whereas 17,600 is expected to be crucial resistance area, which coincides with 200-day EMA (exponential moving average), experts said.  Moneycontrol Latest News Read More  

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