F&O Talk: Nifty may stay range-bound; Sudeep Shah sees opportunities in banks, IT, picks 7 stocks

Markets saw a big drop Friday, with Sensex and Nifty falling over 1% due to fund flows. Analysts say "traders are turning cautious near higher levels." This sharp selloff wiped out Rs 6 lakh crore in value, showing indecisiveness as markets faced geopolitical worries and ended the month with a bearish candle.