Market Wrap with Pankaj Pandey June 03, 2022:Expect Nifty to spend time around 17000

Nifty continued its recovery for the third consecutive week with beaten down segments like IT, Real Estate, Small caps doing better while Banking stayed on the side-lines. Even Metals witnessed some recovery. Reliance gained around 8 pct helped by elevated GRMs along with IT and helped Nifty to test 16800 levels. We expect Nifty to spend time around 17000 level