Avoid aggressive bets as Nifty likely to face resistance near 16,900-17,200: Mehul Kothari

Avoid aggressive bets as Nifty likely to face resistance near 16,900-17,200: Mehul Kothari

“For the coming weeks, 16900 – 17200 might be a strong hurdle since they are the 50% and 61.8% retracement level of the entire fall from 18100 to 15700,” says Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “The immediate support is placed at … Read more