The results have been pretty decent from companies so far, with INFO, RIL, LT, all beating forecasts. In fact, some of the worst performing names over past year have given pretty good returns in last few weeks. Market should continue to remain supported at these levels, and I don't Nifty breaking down to 5800-5850 levels over the next week or so. If S&P is any indication, actually we may see a new high pretty soon.
With China performing, and none of the big global risks in the limelight, risk should continue to do good. Financials, Infra and Metals should do well over coming weeks, whereas I expect continued weakness in the consumers sector. With OINL and NTPC going under the hammer in next two weeks, INR should remain strong. I won't be surprised if 53 is broken as well before Feb end.
For the expiry, if the roll levels remain strong, will keep building longs in a few names, and keep INR longs as well. There are quite a few scrips coming in for divestment, and it should keep USDINR under pressure.
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