Anand Rathi: Positive bias to continue

Anand Rathi in its weekly report said that, the positive bias is expected to continue in the coming week also with some possibility of a consolidation and a rather sideways movement in the early part of the weeks trading session.

The derivatives segment also showing strong positive current and the contract this month getting extended by a week would have positive impact for the market trend this week.

Institutional participation if continues to remain fairly in the same line with the last weeks trend would have a major boost for the market breaching the critical levels of 11800 for the Sensex.

Volume and PCR are the major indicators to watch out for any change in market direction this week.