The 'R' factor (Reliance) dominated the proceedings for the week, especially on Friday. The indices are perched at new highs and the coming week may see it kiss yet another high before some consolidation starts. The sun outage coupled with the F&O expiry will keep bulls and bears on tenterhooks. Volumes could see a drop for the next couple of days except during Wednesday and Thursday.
Punters are banking on some move from the RBI in terms of a rate cut. But we haven't heard anything concrete so far. Should such a development take place, the laggards in recent times will skyrocket to dizzy heights. The quarterly earnings are the next hope for positive triggers. But there is still some time. Most of the positives on the earnings front have been factored in the price. Companies will have to come out with more bullish outlook to keep the sentiment intact. If all else goes against the market, the liquidity factor in terms of FII flows can give bulls reason to widen their smile.