Support for Nifty seen 5600: JM Financial

The weakness in the IT sector is a big concern for the bulls as in the past this is the segment that has bailed them out whenever the market was at support levels, says Gautam Shah of JM Financial.

January 21, 2011 / 08:57 IST

Here is experts equity calls for the day on how the markets are expected to trade:

Gautam Shah, JM Financial: The weakness in the IT sector is a big concern for the bulls as in the past this is the segment that has bailed them out whenever the market was at support levels. The market continues to trade just above the 200-DMA which once broken could trigger forced unwinding. Support for the Sensex & the Nifty is seen at 18700 and 5600. Overall the set-up calls for continuation of the downtrend.

first published: Jan 21, 2011 08:56 am

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