Bank Nifty weak in short-medium term, Nifty support at 17000; Use PUT Spread strategy for this F&O expiry week
By Rajesh Palviya On the weekly chart, the NSE Nifty 50 index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800-18000 levels. However if index breaks …