More selloff likely if Nifty breaches 17,000 support level

Several technical indicators are flashing red after the benchmark indices fell 2.6% on Monday amid rising concern over faster-than-expected rate hikes by the US Federal Reserve. If the Nifty breaks below the crucial support of 17,000 - the level from which the market bounced on Monday - the index could fall to as much as 16,700-16,800 in the near term, said analysts.

from Economic Times https://ift.tt/3FSQab3