Sensex has supports at 17120: ICICI direct

The Indian market is likely to open flat on flat global, Asian cues. The markets continued the rally for the second consecutive day. The Nifty closed at a one-month high led by positive global cues and surge in Reliance Industries. FMCG, oil & gas, metal, auto, cement, select pharma and banking companies helped the Nifty to close above the 5,100 mark. However, selling in telecom, realty, select power and technology stocks along with SBI limited the gains to some extent. The Sensex has supports at 17120 and 17080 and resistances at 17360 and 17460. The Nifty has supports at 5080 and 5050 and resistances at 5120 and 5140. 

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment