IT stocks looking attractive after 30-50% fall; pharma a contra buy: Vinit Bolinjkar

“The recent high of 18,442.15 in Nifty would act as a strong resistance zone. We can find the trendline support region around the 18,100 zone, so we believe that nifty would be range bound between these two regions for the time being. Similarly, for Nifty Bank the level to watch for the upside is 42600 and 42,225 for the downside.”