For the Nifty, 17,500 will act as crucial support and a decisive close below the level will once again bring the trend back to sideways from an up-trend, Rahul Ghose of Hedged has said
Based on the OI percentage, 92 stocks, including Whirlpool, Tata Communications, Atul, ICICI Lombard General Insurance Company and Ramco Cements, saw a short buildup
Based on the OI percentage, 56 stocks, including ICICI Lombard General Insurance Company, Crompton Greaves Consumer Electricals, Laurus Labs, Navin Fluorine International and Coforge, saw long build-ups.
Based on the OI percentage, 79 stocks, including Nestle India, Havells India, Aditya Birla Capital, MCX India, and TVS Motor Company, saw long build-ups
Psychological 18,000 mark is likely to be tested in coming sessions if the index manages to hold above 17,700 levels with momentum indicator RSI (relative strength index) showing positive crossover, whereas the crucial support remained at 17,500, experts said.