According to Alex Mathew, head of research, Geojit Financial Services, “Easing inflationary trend helped banking and realty stocks to rally today. These sectors may continue their uptrend on Monday, also PSU banking sector will get more attention.”

Mr. Mathew also said that Nifty will break the crucial resistance of 5000 on Monday.

Bhupendra Sharma, vice president, Hornic Investments told that that stock markets, on Thursday, ended the week on a strong note because of strong worldwide cues and short covering seen in the Indian markets.

Sensex gained 277 points at 16621, whereas Nifty closed at 4970 after making a gain of 83 points.

Relieving inflation numbers gave a boost to banking as well as real estate stocks on Apr 17. Heavy buying was seen in Reliance Group and stocks like Unitech and Infosys.

According to Mr. Sharma, 16,200 is an essential level for Sensex and if stock markets trade beyond this level for next few days then a new bullish movement would be seen and market may cross 18,000 level.

He anticipates stock markets to continue to follow worldwide cues on Monday morning though overall markets look positive.

Stocks to be watched out include GIPCL, Torrent power and Mcleod Russel India.