F&O Talk: Nifty plunged 2% this week. Are charts indicating a deeper sell-off?

Indian equities, including the Nifty, have experienced a 2% drop this week, raising concerns about a potential deeper sell-off. SBI Securities' Sudeep Shah expects continued weakness due to factors like FII positioning and rising volatility.

Shah identifies key support and resistance levels for the Nifty and highlights the IT sector as relatively stronger. This information is useful for seafarers with investments in the Indian stock market.