Morning Market View 11th July 2011

Market is likely to open weak due to negative global cues. Market has again turned weak after crossing 5700 nifty levels. Given the quantum of overseas funds flowing in downside from these levels , we feel that the downside from these levels is limited. Markets might remain in a narrow range as Q1 results start kicking in and eventually consolidate and move higher from these levels. A stock specific approach may offer better results as indices as a whole may take time to break out of this range.