The market is oscillating from the positive to the negative terrain. The Sensex is currently trading at 19,289, down 111 points from the previous close. Nifty is at 5751, down 34 points. Market breadth continues to remain weak, with 349 advances against 798 declines on the BSE.

Retail is quite positive on the market, but foreign fund flows have been a little subdued, says Ashwani Gujral, technical analyst, on CNBC-TV18. So the market see some sideways movement, he adds.

Asian currencies are a favoured 'buy' versus the dollar, says Chin Loo, Senior Currency Strategist, BNP Paribas, on CNBC-TV18. She sees year-end dollar-rupee target at 38.50. The rupee is currently at 39.25 versus the US dollar.

Nilesh Shah, MD & CEO of Envision Capital advises caution on the telecom sector. Lower realisations, policy changes, new players entering the market in the next 12-18 months bringing in more competition will all work against the sector, he explains, on CNBC-TV18. Look at this sector only if the market sees a reasonably large correction from here, he suggests.