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Апрель
2022

Nifty has support at 17,300, IT stocks may underperform

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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.



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