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Nifty close 7749 points:The Nifty opened the week slightly better and went up all the way to make a high of 7940 points but once again failed to close above the 7900 points mark which is the crucial resistance which we have been highlighting. The last couple of days of the week saw a small selloff but and the Nifty closed with a loss of 165 points (-0.83%).

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Nifty close 7510 points: The Nifty made a high on 9th March like we had envisaged last week but there was a lack of follow up selling as the Bears failed to break decisively the support around 7440 points. We saw see saw trading this week on alternate bouts of buying and selling but the Bulls managed to close the week with a meagre gain of 25 points over the previous week.

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