Week ahead

With most of the index scrips exhibiting weakness, the chances of the same continuing in the first couple of days of the coming week are more than likely. With Infosys Q3 results coming up on thursday, the bets will be placed on which side the markets will move ahead of the same. Personally, I feel the Infy results would be inline and wont beat the expectations by the margin it has been able to do in Q1 and Q2. Having said that, there is nothing wrong with inline performance as the benchmark has beenr aised higher by its Q1 and Q2 results. The markets need to consolidate before going forward and this is a good time as any for it. Expect 3905 to hold, below which 3815 is a possibility, with some downside resistance provided at 3885. Trade accordingly.