Nonetheless, we remain cautiously optimistic in the medium term led by positive global markets and the government’s increased focus on reviving the economy,”Ajit Mishra, VP Research, Religare Broking told Moneycontrol.”After this sharp up move, indications are in the favour of consolidation in the index with marginal profit taking in between. We expect Nifty to trade within 11,700 12,100 zone,” Mishra added.What to watch out in the coming week:Action on D Street will be dictated by earnings, as well as macro data. On the earnings front, nearly 2,800 companies will declare their results for the September quarter.
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