#NIFTY Weekend review on the 30th.

Last week we saw a quick “Mark Up” of the index on low volume. Then in the later part of the week supply which was absent earlier came back to take the index down by 50 points. Maybe it is more apt to say the demand stayed away as the volume continued to be low.  The whole move of the last week was without much conviction as the volume remained low. Hence we can expect more downside in the coming week. 9220 level could provide the support. The market is likely to go through some consolidation before further new heights are attempted.