“Markets may start on a flat note in Monday trades amid sluggishness in the Gift Nifty index, but an uptick in other Asian indices could revive the sentiment in later trades. The market is already in an overbought zone and hence the preferred theme could be consolidation in the near term. Also, the ongoing corporate earnings have been a mixed bag, indicating how the weak global economic macros and higher inflation levels are weighing on the companies. Traders may also exercise caution ahead of the next week's RBI credit policy, although expectations of a status quo on key rates are high. Technically, the positive takeaway, however, is that the Nifty is holding above its make-or-break support at 19561 mark.



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