Updated: Jan 27, 2012 at 22:30

WEEK AHEAD

Next batch of Q3 earnings to dictate trend

The 3^rd quarter earnings season is its peak and next batch of Q3 December 2011 results will dictate the near-term trend on the bourses. Auto and cement stocks will be focus as companies from these two sector start unveiling monthly sales volume data for January 2012 from Wednesday, 1 February 2012.

WEEK

30-01-12 to 03-02-12

NIFTY RANGE

5100-5300

CRUCIAL

SUPPORT 5140 & RESISTANCE 5260

APPROACH

Stock Specific approach

STRATEGY

One must not get too excited. Exercise restraint.

MARKET TREND

Some softening is not ruled out

MARKET OUTLOOK

Tough to predict the market’s direction in the short term

FACTORS

Q3 Nos., FII Flow, Global cues & State Elections

IMPORTANT

Time to book some profits in long positions but don't short

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