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IT Stock Sell-Off Weighs on Market: Nifty and Bank Nifty Trading Strategies
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IT Stocks Plunge, Nifty Dips: Market Under Pressure, Strategies for Nifty & Bank Nifty
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Moneycontrol
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24-02-2026, 10:51
IT Stocks Plunge, Nifty Dips: Market Under Pressure, Strategies for Nifty & Bank Nifty
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Heavy selling in IT stocks, including Infosys and TCS, weighs on the market for the fifth consecutive day.
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Nifty drops 200 points to 25500 on monthly expiry; Sensex down 709 points.
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Midcap and smallcap stocks experience sharp declines; defense and realty sectors also show weakness.
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Nifty strategy: Key resistance at 25761-25817, major base at 25379-25427; caution advised due to US market fall.
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Bank Nifty remains strong despite gap-down; key resistance at 61387-61533, major base at 60377-60541.
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