A morning walk down Dalal Street | Nifty must hold above 11,333 for move towards 11,550-11,600

What a week for Indian markets. 1300-point climb for Sensex which took the index above Mount 38K for the first time September 14, 2018.

The Nifty50 also reclaimed 11,400 for the first time since September 18, 2018, and is all set to hit a higher target towards 11,500 levels. 

Strong global cues and aggressive buying from foreign investors are some triggers that led to positive market sentiments. On the macro front, investors would watch out for current account deficit numbers to be released on Tuesday.

Globally the key event to watch out for in the coming week would be Federal Open Market Committee meeting scheduled to be held on March 19-20. The overhang on Brexit issues and OPEC’s supply cut are likely to hit the domestic market in a specific segment.