<b>Week Ahead:</b> Markets to be range-bound

MACRO TECHNICALS

The market has moved to a zone of strong resistance and settlement considerations will decide the mood this week.

The market went through a massive rise on low volumes. Momentum slowed on the final session of the week but the Sensex closed at 13,285.93 points for a gain of 6.88 per cent.

The Nifty closed at 3,861.05 per cent for a gain of 6.99 per cent. The Defty was up 8.2 per cent reflecting the relief at dollar rates remaining unchanged.

Breadth was good apart from the low volumes. Rising shares comfortably outnumbered losing shares