Not much activity is likely and markets are ought to remain in a range ahead with supports for the nifty at 16900 and bank nifty at 39800 with resistances at 17400 and 40500 respectively
From a trading point of view using the dips to support for a rise towards 17100 and 40200 will be profitable with a sell on rise
Stock specific activity will continue with majority in a range bound trade
Stocks like balrampur chini , abb , adani group will attract buying and will seek upper levels whereas weak sentiments are seen in vedanta , hal , ambuja cements etc
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