Sensex is once again caught up in the '000 syndrome and any attempt to touch 17000 is likely to face strong resistance and some volatility can be expected. Technically its trading range is likely to be between 16450 to 17000 for some time. Please click on the chart to view more details. Any move below this range, though very unlikely, only can trigger heavy selling pressure. But a convincing close above 17k could swiftly take it to the target of 17750. Will the bulls wait for the results season in Oct or not remains to be seen.
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