|Infosys results disappointed last week and hence no hustle was seen in the market. It’s the earning season too in the US and the season has not started on a positive note. Both technology and finance sectors have disappointed till now. Despite this the global markets have not broken down. Our markets too have shown strength though the resistance of 5700 looks strong..
This week is a big one for the market with a lot of earnings being kicked off starting with Reliance and Axis bank and many more to be followed. The market for this week will react to these earning numbers. This is one of those week where we should have a very stock specific approach. We would have a lot of recommendations in this week. Lot of stocks would show positive movements as we all know the corporate game that happens. We would en-cash all these opportunities to make a minimum of 10% this week. Even if the markets show some slide, the recommended stock would still rally because of the demand supply game. Overall the market would be range bound between 5600 and 5800.