But one more important thing to note is that because of the fall in the commodity prices, there could be a margin expansion from coming quarters and this will lead into growth.
Tech View: Nifty faces crucial resistance at 23,500; breakout needed to negate bearish sentiment. How to trade on Friday
Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate