Nifty has support at 17,300, IT stocks may underperform
Technical analysts expect the Nifty to find support at 17,300 in the coming week with bias on the bearish side after the indices fell 2% in a holiday truncated week. Analysts said the Nifty may find resistance near 17,800. IT stocks are likely to continue to underperform. The Nifty ended down 54.65 points, or 0.3%, at 17,475.65 on Friday and the Sensex ended down 237.44 points, or 0.4%, at 58,338.93.