Macro - economic data points along with expectations of healthy quarterly results and developments surrounding the rollout of anti - Covid vaccine are expected to give further imputes to the current market rally.
However, observers cited that even volatility on account of profit booking will likely trigger in bottom fishing, thereby reigniting the up move.
"The results season began on Friday with TCS coming out with excellent Q3FY21 numbers.
As more companies come out with their numbers, the focus could shift from index to individual stocks and peer stocks, " said Deepak Jasani, Head of Retail Research at HDFC Securities.
"There is still no reversal signal for the index.
Another two odd weeks of gains seem plausible though not at the same pace. "
The week ahead will be heavily influenced by Q3FY21 corporate earnings as companies like HCL Tech, PVR, HDFC Bank, Wipro and Infosys are expected to announce their quarterly results.
"The focus of the Indian markets have currently shifted to third quarter earnings.
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