Tech View: Nifty reaching towards key resistance of 17,863. What should traders do on Thursday expiry

The Nifty is moving towards the key resistance level of 17,863, a break of which could lead to significant gains, according to Nagaraj Shetti of HDFC Securities. Kunal Shah of LKP Securities advised traders to keep a buy stance and expect targets of 18,000/18,200 in the short term. Sharekhan by BNP Paribas’s Jatin Gedia said support levels to watch are 17700-17680, and a break above 17860-17880 could boost the Nifty towards the psychological 18,000 mark. Kotak Securities’ Shrikant Chouhan said the index could move up to 17900-17950, but could slip to 17650-17625 if support levels fail.

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