The market traded within a range throughout the session on Monday, though it rebounded after two days of correction and closed in green. Largely, the Nifty50 traded within Friday's range and finally formed a Doji kind of pattern on the daily scale as the closing was almost equal to opening levels, indicating bulls and bears are indecisive about their future market trend.
Last couple of sessions indicated that 16,900 is acting as a support for the market and 17,100-17,150 area is playing a role of hurdle on the higher side.
