Nifty has a fair chance of holding 5,150 only if Bank Nifty holds 10,350.
Nifty breaking below the crucial level of 5,150 is a matter of concern because the next support for Nifty is at 5,050.According to rollover data, the entire strength of Nifty is lying on Bank Nifty currently. T
he Bank Nifty can easily outperform Nifty from here on.Nifty has a fair chance of holding 5,150 only if Bank Nifty holds 10,350." I would prefer going long on bank Nifty and shorting Nifty from the current levels.Meanwhile, from the auto pack, I expects Bajaj Auto to outperform peers. "Around Rs 1,575-1,580 one should accumulate Bajaj Auto for a minimum trading target of Rs 1,625 on the upside and keep a strict stop loss of Rs 1,550.
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