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The next turn date for March is placed around the 19 to 21 window and so long as last Friday low 46,600 and 22,180 is not violated one should continue to play the long side. These two levels are the nearest stoploss for active traders.

Summing up, sentiment continues to be upbeat and technical evidence is pointing to more gains ahead. Both micro and macro appears to be pretty much played out and therefore stock specific order flows may dictate trend in the coming week. Further gains in banks, Metals and pharma are expected hence focus can be there for long trades. Any intraday week declines maybe of profit taking nature, barring any unexpected news flow. The approach of buy intra week dips should be continued.

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