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

What happened: Sudeep Shah of SBI Securities expects continued weakness in Indian equities, citing FII positioning, rising volatility and technical indicators. Why it matters: He identifies key Nifty support and resistance levels and flags IT as a relatively stronger sector. Key numbers: Nifty plunged 2% this week.

Nifty's 2% weekly plunge prompts bearish chart outlook for coming week.

Nifty's 2% weekly plunge prompts bearish chart outlook for coming week. — impact context not separately stored; see What changed.