A morning walk down Dalal Street | Investors to keep an eye on earnings, trade war concerns

What a week for Indian markets. The Nifty climbed nearly 1% and is on track to hit 10400 levels, while Sensex closed above 37500 levels.

After losing momentum in two straight sessions last week, Indian markets bounced back sharply on Friday.

Going ahead, eyes would continue to remain on the trade war-related news along with the progress of monsoons domestically which has remained below normal so far.

Bottom fishing by Institutions in select Banks and metals stocks led to the up move on Friday. Even volumes were slightly more than those recorded on Thursday.

Nifty could retest the earlier high of 11391 and breach it marginally based on stock specific moves.

Now a close above 11450 would confirm us for an extension to 11600.

For all long positions, investors should keep a stop loss below 11250