Market Pressure Mounts: Nifty Dips 150 Points, IT and Banking Stocks Under Fire

• Indian markets opened flat but quickly saw increased pressure, with Nifty falling 150 points below 25550.
• Major contributors to the market decline include ICICI Bank, RIL, Wipro, and L&T.
• Wipro's shares plummeted 8% after a 7% profit drop in Q3 and lowered guidance, making it Nifty's top loser.
• ICICI Bank and RIL also experienced significant drops of 3% and 2.5% respectively post-results, while RBL Bank fell 7% due to weak Q3.
• Experts advise trading Nifty and Bank Nifty based on specific resistance and support levels, given the volatile market reactions to results.

Why It Matters: Market faces significant pressure from IT and banking sectors post-Q3 results; trade cautiously with defined strategies.