Nifty rose for the third consecutive session helped by largely positive global cues post the remarks by Fed Chair Powell on Tuesday night. At close, Nifty was up 0.85% or 150.2 points at 17,871.7. RBI’s MPC decided to hike the repo rate by 25 basis points to 6.50%, as expected. 7 out of 10 Adani group stocks ended in positive improving market sentiments. Nifty seems to have made a higher bottom on Feb 07 in a short-term time frame. It could now face resistance from the 17,972-18,016 band while the 17,652-17,721 bands could offer support in the near term.