|Market This Week
||Last week the Nifty closed at 8564 registering a gain of 0.4% over last week. However, the whole of last week it remained volatile and indecisive. Nothing much has changed since last week and this week too, the NIFTY is likely to be volatile. A broad consolidation range for NIFTY is 8000-8650. This consolidation can be termed as a time correction and it proves very healthy in any bull run. We should worry only if NIFTY breaks the 8000 levels in the short term. Any strong move above 8650 will lead to fresh buying and the next rally. This can happen in the near term only if there are good news coming from the government on key reforms. Till then let’s be cautious and passive. Delivery based recommendations are a safe bet during these times. All the best!