Market looks a little bearish: Devangshu Datta

Check out the trading strategies in Nifty, Bank Nifty, TCS, IT shares, ITC and broader markets with Devangshu Datta, Technical Analyst

Check out the trading strategies in Nifty, Bank Nifty, IT shares, ITC and broader markets with Devangshu Datta, Technical Analyst.

SmartInvestor: Indices have hit almost one-week low with the Nifty index hovering around 6,500 mark. What are the key levels to watch out for in Nifty?

Devangshu Datta: (Considering only futures prices) – the Nifty could stabilise between 6500-6525 or higher. If that level breaks, it could fall till 6450 or lower.

Devangshu Datta: Assume that there will be resistance/ support at roughly 50-pt intervals. As of now, the market looks a little bearish.

SmartInvestor: What is your view on the Bank Nifty? What are the charts indicating for the banking majors like Axis, ICICI Bank and HDFC Bank at current levels?

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