Nift was under pressure last week, due to poor quarterly earnings and weak world market cues. It finally closed at 7738. During this period, Nifty made a high at 7890 and a low at 7678. Going forward, quarterly earnings are a big trigger for the markets, and, Nifty may remain in a tight range of 7600- 7980. A decisive move above the resistance level seems to be difficult because of a lack of fresh triggers.

The government launched gold coins bearing Mahatma Gandhi’s image, on the occasion of Akshaya Tritiya. Pic/PTI