"If globally things stay calmer and slight positive, we expect that the index, as well as the stock-specific action, should see a leg up over the next one to two weeks."

"Domestically, we are expecting some earning downgrades for about 50% of the companies which are price takers from the commodity complex. We are very positive on financials and happy to see Bank Nifty recovering. Energy, materials, real estate, cement, industrials are the sectors that tend to do well in a high inflation environment."

Monday may see a stable start to the week. The levels of 17,800 and 17,905 will act as probable resistance points while the supports may come in at 17,500 and 17,320 levels. The trading range for the week will stay wider than usual.

Most equity investors participate only on the buy side and do not have a plan to protect the portfolio against the potential swings in the market, which results in sub-par performance.

Victor Sperandeo is a legendary trader and excellent financial commentator with over 45 successful years of experience on Wall Street. He is the founder, CEO and President of Alpha Financial Technologies LLC and also a founding partner, CEO and President of EAM Partners L.P.

The brokerage still rates Apple and Qualcomm "overweight" - the equivalent of a "buy" rating - based on their longer-term potential.

“There is a reasonable likelihood that the RBI will take its first reluctant step towards policy rate normalisation by changing stance from ‘accommodative’ to ‘neutral’, but we expect it to balance it with dovish guidance,” the global research firm said.

Over the past century and a half, finance in the United States has been characterized by an ebb and flow of who feels Wall Street is for them, who feels (or is) excluded.

U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.

The outlook for stocks is still threatened by rising interest rates as the Federal Reserve tightens monetary policy, as well as by spiking inflation and uncertainty over the war in Ukraine. The ability of companies to deploy cash could help soothe investors about some of that unease.