Anand Rathi: RIL, TCS to determine market trend

According to Anand Rathi Securities, the outlook for this week depends upon key company results like Reliance and TCS.

If the strong numbers are forthcoming, then markets can move up. The uncertainity with regard to BoJ interest is over now and if oil rise (due to turbulent West Asian and Nigerian troubles) gets some cool off, then markets can move up.

But if results of large companies disappoint or oil flares up further, then market can fall.

Right now markets are in consolidation mode and any breakout from narrow range of 10500 to 10900 (Nifty: 3080 to 3200) will see sharp move in the direction of breakout.