Dalal Street Week Ahead: Avoid shorts, Nifty has room for upside

The coming week is once again a truncated one, with Tuesday being a trading holiday for the markets. From a technical perspective, a breakout above the falling trend line stands confirmed. Nifty has dragged the supports higher to 17,700-17,850 levels in the process. The Bank Nifty is still severely consolidating just below the high point. There are greater chances that it catches up given its relative underperformance over the past several days.