Dalal Street is likely to open on a positive note on Monday following strong global cues but may also see bouts of volatile trading this week, analysts said.
“The strong momentum in the Indian market is likely to continue this week. Globally, the markets are going to move up and the domestic market will see some upside this week,” Paras Bothra, research head, Ashika Stock Brokers, said.
Analysts also expect the expiry of the futures and options contracts on April 29 to keep the market volatile this week. Markets would remain closed on April 30 and May 1 on account of the general Parliamentary Election and Maharashtra Day.
“There will be some sellers who would try to cover their positions this week. Since there will be short trading session this week, investors would prefer not to carry forward their positions,” Rajesh Jain, vice-president, SMC Global, said.
