Nifty has broken the 17,00-17,500 range. On Friday, the Nifty also managed to go past the 66 percent retracement zone.

The only risk is this consensus bullishness. At India Business Leader Awards (IBLA), most experts said they are bullish.

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Trade setup for Apr 4: Can Nifty50 reach 18,000 soon? Check out key market cues and what technical charts suggest

The FII long exposure has come down marginally but still high at 71 percent versus 74 percent. Purely in terms of levels, 17,500 now becomes support which was resistance.

Watch the accompanying video of CNBC-TV18’s Anuj Singhal for more details

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First Published:Apr 4, 2022 8:55 AM IST