||Last week the NIFTY closed at 9119.40 registering a loss of 0.34% over previous week. The markets are in a consolidation mode and this trend is likely to continue for some more time. This phase is always a part of a rising NIFTY channel and is considered very good from a long term perspective. We have nothing really to worry as the long term uptrend is intact. We will continue to see sharp script specific movement. The earnings season has been average so far and we should continue to observe caution. This week the NIFTY is likely to consolidate further. All the best!