Market rebounded ~2% after two weeks of correction, driven by positive global cues and buying in selective heavyweights. Nifty retested record high but settled at 21,853.80. Despite overbought conditions, broader indices gained 2.7%-5.6%. Expect volatility with focus on earnings and RBI meet. US markets continue upward trend, target 39,000 for DJIA. Nifty needs close above 22,150 for next leg.