In the last week, the Indian markets were seen making fresh highs each day on the back of strong buying witnessed by the foreign institutional investors.

But the lack of any major trigger and profit booking made the markets shed some of its gains. Nifty closed at 6782 with a flat note on a weekly basis. Nifty has support at 6732 and 6594 and Nifty has resistance at 6800 and 6880. If Nifty spot closes below 6732 one should reduce long positions.