Can Nifty, Sensex rally further or will bears reign in? 5 factors to decide market action next week

Sensex and Nifty extended gains for a second straight session on Friday, led by IT stocks, which rose for a fourth consecutive session, along with buying in auto, metal and PSU banking stocks. Nifty’s recovery could continue as long as it holds above the crucial 22,750–22,800 support zone.