Yesterday we had a great bounced back in our markets. Sensex after a over long break closed above 10000 levels. Nifty closed above at 3060. In the chart attachecd above we can clearly see, Nifty took good support at trendline. In the past also Nifty have take support of the same trendline and bounced back. Inflation has dropped down below 7% and the oil have also fallen below $40 per barrel. The fall in the inflation rate has been majorly due to the fall in the oil prices. Oil trading near 4 year low. Opec cut in the production have not helped to stablise the prices. Rupee have also bounced back sharply. Volumes were also pretty good as compared to the last months volumes