Experts predict that the Nifty could encounter resistance in the 17,696–17,764 range on Thursday, while 17,468 might act as support in the short term.
The government hiked the ATF tax to Rs 9 per litre and the windfall profit tax on diesel exports to Rs 13.5 per litre.
Day trading advice for Friday: According to experts, the Nifty 50's short-term trend is still range-bound and volatile.