As most Asian markets are trading in Red therefore weak opening is possible in Indian markets also but following line should be kept in mind which have been told more than 50 times in last 2 months:-
Just click following topic link which was updated on 30-03-2014 and understand further rally with those minimum waves which are still left
Indian markets are most Bullish and until complete selling patterns will not develop till then deeper correction will not be seen. Although indicators are overbought but it should also be kept in mind that Bull markets complete its correction in sideways trading also.
Just click following topic link which was updated on 30-03-2014 and understand further rally with those minimum waves which are still left