F&O Talk: Mid, smallcaps look strong on charts; Sudeep Shah picks 8 stocks, outlines Infosys, IFCI strategy

Sensex fell 607 points to 76,802.90 and Nifty 50 declined 155 points to 24,013.10 after a strong week where benchmarks gained up to 5 percent over five sessions. SBI Securities analyst Sudeep Shah noted Nifty formed a Doji on the weekly chart signalling indecision, with key support at 23,800-23,850 and resistance at 24,150-24,200, while midcap and smallcap indices showed strong bullish momentum. Nifty IT plunged over 5 percent on Friday following Accenture's weaker guidance, trading below key moving averages with RSI below 40, and Bank Nifty outlook remained constructive.