According to analysts, the market recovery in the last half an hour of Wednesday's trade and the Nifty closing above 17,000-level has raised hopes of a short-term bounce. "A relief rally can commence if the Nifty surpasses 17,200," said Viraj Vyas, derivatives and technical analyst, institutional equities, Ashika Group. "But, the market remains a 'sell on rise' until it sustains above 17,600 levels."
