After a long time we had a decent session as the bulls re-discovered their winning ways and volumes improved ahead of the F&O expiry. There could be a bit of extra volatility owing to the derivative settlement. The opening is likely to be a positive one, and the key indices could extend gains from the previous session.
The Nifty broke out of the 5970-6020 range to close above 6050. But, one needs to exercise some caution as the bulls might face resistance at higher levels.
The rangebound and light volume pattern of the last couple of weeks has been frustrating. Hopefully there will be some excitement before we bid farewell to 2010.
Oil companies will be in focus as the much-anticipated EGoM on diesel and LPG price hike has been postponed again.
