One witnessed range bound and higher level profit booking because of the slightly overbought situation. Nifty finally ended at 8779.85. The weekly charts and monthly charts of Nifty and Sensex are in the buy mode and will keep the market steady this week, despite global volatility. Nifty has immediate support at 8733 and 8689. It has resistance at 8851 and 8932. In normal market conditions, Nifty may not move down below the previously said levels. Low level buying can be initiated, despite a weak opening last Monday.