|Market This Week
||Last week the NIFTY closed at 7951 registering a gain of 1% over last week. RBI surprised with a rate cut which caused the markets to rally despite weak global markets. Our view on the market has not changed much since last week. We are still in an indecisive phase though the NIFTY is slightly above the lower end of our consolidation channel of 7900-8650. If we see a sharp move above 8100 this week, the NIFTY would certainly rally in the short term. We will have to be cautious if NIFTY breaks below 7900. All the best!