Arihant Capital Markets' Mileen Vasudeo, predicts that the Nifty index will slowly and steadily move towards its 200-day moving average line, which currently sits at 17,540 levels. The gap area of 17,204 to 16,940 levels will act as strong support for the market, but further confirmation is needed for it to go higher. Vasudeo recommends buying Bajaj Auto, and RVNL .