The market has opened slightly lower on Tuesday.

The Nifty is in a trading range of 5500-6000, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. And whenever an index is in a trading range, it hits both the levels, he explains. Since it has hit 5500, the next move should be towards 6000, he says. But if the Nifty fails to do so, then you can say that the momentum on the upside is being lost day by day, he adds. He expects weakness in the next series.

In the midcap banking space, Karnataka Bank, DhanaLakshmi Bank and Lakshmi Vilas Bank look good, as they can possibly be takeover targets in FY09, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business.