Brigade Enterprise, RCF are the top trading picks of Vinay Rajani

The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.

The Nifty continued to consolidate in the narrow range for the 8th session on the trot. However, the NSE index has managed to close at the highest point of the current upswing.  In last half an hour, Nifty broke out from the entire day's range of 17,235-17,322. Indicators and oscillators have been improving day by day and it is expected that Nifty would soon surpass the crucial resistance of 17,500. 

Above 17,500, the Nifty could move towards next resistance of 17,794. Recent swing low of 17,000 is expected to act as a support and same can be kept as a stoploss