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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