|Market This Week
||Last week being silent and inactive, this week and the coming week will be crucial ones for the markets. With the new president getting elected and a new finance minister likely to join office, the government is bound to take some concrete decisions regarding the long pending reforms and finally deliver what the markets are expecting. Also we would definitely see some positive outcomes coming from the corporate earnings as well. On the negative side, we have weak global cues with news of a huge bailout for Spain and crude moving above $100. The markets also have their eyes on a prospective diesel price rise. Hence the entire environment is that of indecisiveness with key decisions pending. These decisions would create the next market move. Till then we would be on our back foots. Also this week being the expiry week, turmoil can be expected. The markets would be range bound for this week between 5050-5350. Any negative outcome from the government decisions would take us to 5000 on NIFTY. Also remember, that despite the turmoil the FII’s are still positive on the Indian growth story(FII data suggests that).