The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
In the coming week, the market may see some consolidation after a recent rally and maintain caution ahead of RBI policy, but overall, the sentiment seems to be in favour of bulls given the positive global cues, experts said.