Demonetisation and subsequent confusion and queues do not happen only in India, A man shows 100 Bolivar notes while queuing outside Venezuela’s Central Bank (BCV) in Caracas in an attempt to change them. Venezuelans lined up to deposit 100-unit banknotes before they turned worthless, but replacement bills had yet to arrive, increasing the cash chaos in the country with the world's highest inflation. The move was followed by violence and protests and yesterday, Venezuela rolled back the move

Nifty closed weak at 8139.45 on Friday. It is likely to remain under pressure in the days to come. As the major technical indicators are yet to give a buy signal, we have to wait to enter into the market at around 8125, 8005 and or at 7948. After testing these key supports, the market may consolidate at 7950- 8200 levels. If the Nifty could manage to close above 8249 for more than five days then we can expect further upside, but, chances are remote. Sustained selling by FIIs and low support from domestic institutional investors kept the market in a very narrow range. Retail participation is also very low these days due to uncertain market conditions.