Week Ahead: Markets should remain range-bound

MACRO TECHNICALS

Breakouts outside 3250-3450 will be significant but the market is very likely to stay stuck inside this range.

There were net gains this week despite sluggish trading and corrections in the last two sessions. The Nifty closed up by 2.52 per cent at 3356.75 points. The Sensex was up by 2.44 per cent at 11465.72 points.

The Defty closed up by 2.61 per cent as the rupee continued a climb against the dollar. The broad BSE 500 climbed 2.78 per cent and advances outnumbered declines.

However there was a perceptible decline in volumes on Monday