Nifty flirts with 11,300: 4 factors that are weighing down the market

Selling was seen in sectors like energy, telecom, power, metals, and oil & gas while buying was seen in IT, consumer durables and auto index.
The S&P BSE Sensex plunged more than 300 points on May 9 while Nifty50 broke below 11,300 levels intraday but witnessed recovery from its 100-days exponential moving average.
Investors are advised to avoid using leverage and use any bounce to create fresh shorts as long as the index trades below 11,500 levels, suggest experts.
Selling was seen in sectors like energy, telecom, power, metals, and oil & gas while buying was seen in IT, consumer durables and auto index.