Market Weekahead: Worry about more post-budget falls in equities
REUTERS - * Disappointment over the lack of specifics in the budget could linger, keeping shares off the record highs hit on July 8.
* Technically, traders say, the Nifty still looks over stretched, with some technical patterns such as "double top" advocating a potential move to the 7,250-7,300 range from its 7,459.60 close on Friday.
* April-June earnings, including from Tata Consultancy Services , and inflation data will influence trading.
* Concerns about contagion from Portugal's banking sector could weigh, traders add.
KEY FACTORS/EVENTS TO WATCH
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Monday: May WPI (1200 India time)
May CPI (1730 India time)
Wed: Kotak Mahindra Bank Ltd earnings
Thurs: Tata Consultancy Services and Bajaj Auto Ltd's earnings
Fri: Reliance Infrastructure Ltd and Reliance Power Ltd's earnings
(Reporting by Abhishek Vishnoi)