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Stock selection to remain key as Nifty faces hurdles

Nifty is likely to face resistance at 17,500-17,600 in the coming week. Technical analysts said that the recent up move in the market is unlikely to turn into a bigger rally. Domestic stock indices ended the last week of 2021 on a high note, gaining over 2% each, even as cases of the Omicron variant of Covid-19 increased and volumes were thin due to year-end holidays.

03 Jan, 2022, 06.20 AM IST