As Nifty reversed its uptrend from the highs, one may look to reduce long trading positions or place strict stop loss for the longs. It is advised to create short trading positions for the immediate downside target of 17,330. Sectorally, banking, healthcare, realty, metal, and automobiles will show weakness in the coming weeks.
Sensex snaps 3-day gain, Nifty holds 25,900 amid IT selloff
Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally