The week ahead should see Nifty deciding the short term trend and trying to find support at its swing bottom of 4788 and recovering or heading lower to test the 2011 lows of 4550.
Templeton Asset Management Ltd is trying to block a planned merger between Sesa Goa and Sterlite Industries, both of which are controlled by miner Vedanta Resources, an Indian newspaper reported on Saturday, citing unnamed sources.