After three red weeks Nifty started its journey on a
positive note with a gap up opening on Monday (30-03-2015) after a deep crack
from 9119 to 8269. It was on Monday that the Indian Markets witnessed a sunny
morning after long dark days of bearishness. Nifty took a breath after the
continuous downfall, on Monday soaring nearly 2% with a gap up opening at 8492.
After a small breather on Tuesday it again rallied 1.15% on Wednesday and ended
the short week at 8586.
Going ahead,
the following week will witness RBI’s credit
policy. Owing to this event markets may turn volatile. It is the statement of
Dr. Rajan, which will decide the tone for markets. The support and resistance
for Nifty are 8250 and 8900 respectively. People are advised to trade with
strict stoplosses. Take a directional call only after Tuesday i.e. after the
credit policy. 
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