It is going to be a volatile session next week with the French Elections, North Korea tensions and bombings in Syria weighing on the markets. The Sensex is in all probability will dip, even as corporate results start pouring in. With the markets at elevated levels, it is best to stay away. In fact, the US markets closed lower on Friday, after the dropped "the mother of all bombs".

The weekly market review

This week Nifty fell by 0.52%, the index opened at 9,226 points made a high of 9246 points and closed at 9151 points after making low of 9145. The crucial support for index is at 9020 and resistance is at 9273.

Bank Nifty this week made new record high of 21787 and closed at 21687, the index made a low of 21396. This week Small Cap index made a new record high of 7196 and closed at 7123 after making low of 7034.

This week Government released Industrial production (IIP) data for the month of Feb at -1.20% where expectations were 1.3% and January IIP numbers were at 2.70%. Consumer price index (CPI) for the month of March released at 3.81% where expectations were at 3.98% and February CPI was at 3.65%.

FII positioning

In the current expiry, FIIs have sold 24,306 contracts as in the starting of expiry, ie, on 30th Mar 17, the net position was 1,70,788 and as on last date the net position was 1,46,482. PRO has sold 417 contracts during the expiry as in the starting of expiry, ie, on 30th Mar 17, the net position was (-) 46122 and as on last date the net position was (-) 46539. Thus in combination, they both have short position of 24723 contracts.

GoodReturns.in with inputs reports from Dynamic Levels