Levels of 6350-6400 are possible on CNX IT: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Nifty and market outlook.

What is the call on the CNX Bankex because it once again failed at the 200 dma?

Bank Nifty again will find support around 10600 and resistance comes in around 11000. Similarly CNX IT seems to be the weakest and after moving sideways that has really started collapsing and that is where you see large cap IT stocks also coming lower. So may be levels of 6350-6400 are possible on CNX IT.