Bears had the upper hand in the Indian stock market last week but were unable to force a breakdown. However, a sustained rise in Nifty's momentum was broken by Infosys's collapse on Monday. Anand James expects markets to remain volatile for the remainder of April thanks to F&O expiry. James sees a weak rate of decline in the VIX and has set the near-term target for India's Nifty index at 17500-17440, which he believes will be the landing area, with major collapse support not expected at 17370/17270.