Jai Bala of cashthechaos.com on Wednesday said the Nifty could hold October lows and he is upbeat on pharma.

Bala said Yes Bank is likely to sink below Rs 160, "Maruti is likely to pullback just above the October low in sync with the index. The strongest within the auto space remains TVS Motor and Ashok Leyland."

"IT stocks are coming to a very important support levels and it could be seeing last few days of selling as rupee would likely to stablise around current levels. There could be a relief rally for Brent, which have been dragging the sector," he added.

First Published:Nov 21, 2018 2:57 PM IST