Expect rangebound markets of 2010 continuing: DSPML

Here is expert equity call for the day on how the markets are expected to trade:

Jyotivardhan Jaipuria, DSPML: We expect to see the rangebound markets of 2010 continuing. Index returns are likely to be single digit in 2011. We have set a Sensex target of 21750. However, correction will provide better entry point. In our model portfolio, we are Overweight on IT and pharma and prefer RIL amongst global plays.