| Week Ahead in Mkts: Range-trading |
| MACRO TECHNICALS |
| Devangshu Datta / New Delhi June 4, 2007 |
| Only a breakout below Nifty 4225 points or above 4325 points will determine the new trend. |
| The derivatives settlement went through smoothly with the Nifty moving to new highs and closing at 4297 points for a gain of 1.15 per cent. The Sensex was up 1.62 per cent at 14570 points. The Defty gained 1.65 per cent as the rupee continued to strengthen. |
| Breadth was good with advances outnumbering declines although there was a sell-off in the last session. The BSE 500 was up 1.73 per cent while the Bank Nifty gained a disproportionate 3.29 per cent and the CNX IT dipped by 0.7 per cent. |
| Outlook: Despite the new highs, the market hasn |
