Week Ahead in Mkts: Minor support at 3960

MACRO TECHNICALS

While long-term momentum indicators were neutral, short-term indicators have moved up from "sell" zones.

The market continued to move upwards, negotiating settlement without problems. The Sensex closed up 1.03 per cent, closing at 13844 points.

The Nifty was up by 1.18 per cent at 3997.6 points (it crossed 4000 on Friday). The Defty was up by 1.34 per cent as the rupee continued to firm up against the dollar.

Breadth signals were reasonable. Volumes were a trifle low for settlement week but advances outnumbered declines. Long-term momentum indicators were neutral, short-term indicators moved up from