Dalal Street is likely to maintain its positive momentum this week as steady fund flows and encouraging global cues are expected to push stocks higher,analysts said. "The market would continue to remain in the positive terrain as liquidity continues to chase stocks. Overall the trend would be on the higher side as both domestic and foreign investors are flush with funds," Unicon Financial Chief Executive G Nagpal said. Marketmen feel investors should exercise caution before making any fresh buy and hold on to their portfolios. "The US markets are holding on to their high levels and there was not much movement in the last week. Investors should be cautious and wait for a trigger from the US markets," SMC Global Vice President Rajesh Jain said. With the uncertainty over fundamentals and growth in returns easing globally,investors are finding headroom in the valuations of small and mid cap stocks. "As the mid and small cap stocks has moved up in the past few trading sessions,this week front line stocks might start participating in the rally as the market is holding on," Ashika Stock Brokers Research Head Paras Bothra said. With the market rejoicing the news about a faster global economic recovery,the Bombay Stock Exchange barometer Sensex extended its gains for the seventh day in a row for the first time in four-and-a-half months at 15,922.34 points.
