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Technical Outlook:

Nifty (Spot):

It may remain sideways between 17100-17300 zone ahead of expiry however If it starts to trade below 17100 level then we can expect some weakness in the market towards 17000 levels while if it manages to hold above 17300 level then we can expect positive momentum towards 17400 level.

Banknifty (Spot):

It is underperforming where 35000-34900 is an immediate support zone; below this, it is likely to head towards 34500-34400 zone while 34000 is a critical support level. On the upside, 35250-35500 is an immediate and strong resistance area while 35700-36000 is a critical resistance zone.

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