US market dynamics pose risks for IT stocks; pharma offers limited respite: Rohit Srivastava

I mean, alternately if we break the current range, then even the Bank Nifty would go into a free fall and then retest the 50,000 marks, so that is the risk but again there is some short-term oversold reading that should give us some kind of a relief in the next couple of days is what I am thinking.