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Nifty close 8328 points: The Nifty rose continuously through the week to close with a handsome gain of 2.96%.

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Nifty close 8170 points:The Nifty opened the week flat and moved higher to 8294 points but could not sustain at these levels as we had anticipated in the last week’s article. As expected the RBI maintained status quo but profit taking pared the small gains and the Nifty slumped below the 8200 mark to close 50 points (-0.62%) lower from last week.

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As long as the Nifty does not break the weekly support, the upside targets for this week are 7922 and the 7983-8000 points range. However, a breach of the weekly support in close could put a spanner in this recovery taking the Nifty down to 7767 or in a pessimistic scenario 7672 points.

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Jain Irrigation shareholders approve raising Rs290 crore

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