|Market This Week
||Last week the NIFTY closed at 8295 registering a gain of 0.70% over the previous week. As predicted, it touched the 8300 mark. The charts now suggest that the overall sentiments are positive. This week marks the end of October derivative expiry and hence markets are likely to be volatile. On the domestic front the earnings season is playing on and there are companies queued up for announcing their results. The outcome of Bihar elections will also be crucial. On the global front as usual there are uncertainties around the FED rate hike but it’s still got some time to enact it. The markets are likely to see a strong resistance at 8400. 7900 will be an important support. Let’s be a little cautious for this week. All the best!