‘Nifty on strong base, 16,300 levels possible’

“A breach below the lower band of the current consolidation (33,900) due to global volatility may lead to temporary panic sell-off that should not be construed as negative. Instead it should be used as an incremental buying opportunity in quality banking stocks from a medium-term prospective. Major support for the index is around 33,500-33,000,” said ICICIdirect.

via Economictimes