TWO TRIGGERS & LIKEY BREAKOUT WEEK

• All eyes are on the Fed meet in the coming week. The indices are closing on around previous high. The much anticipated rate cut should give a short time spurt to indices world over and India would be no exception.
• The announcement of a change in lot size of F&O contracts could boost sentiment in most of the F&O counters. Retail investors would mostly choose counters with a smaller lot size. A new high is in store for the indices.
• But the question is, will it sustain? Well........... The pattern has been a strong start and bouts of profit booking, which appear to be select basket selling. Global cues will continue to dictate the start.