Last week, both the Sensex and Nifty registered a marginal gain of 0.20 per cent, but this was the third consecutive week when the benchmark indices closed with gains.
On the domestic front, key factors to watch will be the progress of monsoon, FII and DII fund flows and crude oil prices.
On the global front, economic data such as US Q1 GDP data and US Core PCE Price Index will be released on June 27 and 28 respectively. Movements in the dollar index and US bond yields will be significant.
This week, sector-specific movements are expected amid budget-related discussions, said Pravesh Gaur, senior technical analyst at Swastika Investmart.
"Key factors to watch include the progress of the monsoon, the near-term impact of which on investor confidence will be closely monitored," he said.
Arvinder Singh Nanda, senior vice-president, Master Capital Services, said that in the Nifty index, consolidation continued for the last week, ending the weekly with a marginal gain of 35.50 points.
"Daily chart analysis indicates that Nifty is consolidating in a broad range of 23,400 to 23,700 and this trend is likely to continue," he said.
On the derivatives front, FIIs' long exposure in index futures stands at 57 per cent, while the put-call ratio stands at 1.04 points, both of which point to a bullish trend in the market, Pravesh Gaur said.
On the domestic front, key factors to watch will be the progress of monsoon, FII and DII fund flows and crude oil prices.
On the global front, economic data such as US Q1 GDP data and US Core PCE Price Index will be released on June 27 and 28 respectively. Movements in the dollar index and US bond yields will be significant.
This week, sector-specific movements are expected amid budget-related discussions, said Pravesh Gaur, senior technical analyst at Swastika Investmart.
"Key factors to watch include the progress of the monsoon, the near-term impact of which on investor confidence will be closely monitored," he said.
Arvinder Singh Nanda, senior vice-president, Master Capital Services, said that in the Nifty index, consolidation continued for the last week, ending the weekly with a marginal gain of 35.50 points.
"Daily chart analysis indicates that Nifty is consolidating in a broad range of 23,400 to 23,700 and this trend is likely to continue," he said.
On the derivatives front, FIIs' long exposure in index futures stands at 57 per cent, while the put-call ratio stands at 1.04 points, both of which point to a bullish trend in the market, Pravesh Gaur said.
