Update on Nifty

Expiry nearing and next week we have one trading holiday before expiry. Nifty Future Open interest is rising (1.775 Crores now). Difficult to say though market may be basing itself at 7750-7850 for move towards 8000 plus levels next month. If  OI rises more from  it will be difficult for Nifty to carry itself to 8000 levels this month.