For the week, Sensex and Nifty closed with losses of 1.9%, and 2.5% respectively. On the Nifty, gainers were TCS, HCL Tech, Bharti Airtel and Asian Paints. And, IndianBulls Housing Fin, Zee Ent, Vedanta, Grasim, Tata Motors, were the biggest losers. The FPI tax surcharge, Bimal Jalan panel meet over RBI reserves, and Monetary Policy decisions will be closely watched. IIP data will be released on Aug 9. Also know what could be support and resistance levels for Nifty.