Rohit Shrivastava, Fund Manager PMS at Sharekhan, expects a lot of setbacks in earnings and believes that could pressurise the market, leading to Nifty falling below 11,000.

“Likely to see a lot of setbacks as far as earnings are concerned which is why there will be pressure on the market and you need to be open to the idea that you can head back below 11,000, maybe retest 10,800-10,600,” said Shrivastava.

“I think the upside is capped; 11,573 is the high that we have made, broadly 11,600...," he said, adding the idea is to be open to more downside than upside.