BSE Auto Index: The best index in terms of recent strength.  All the doomsday scenario about Indian economy is not in evidence here.

BSE Bankex. The laggard of Nifty.  If it does not go down a lot from here that will be good enough.

BSE Capital Goods.  LT killed this index.

BSE Oil Gas: This index is now both above 20 and 50 Day MA.  This index is supporting the Nifty in that Nifty is still below its 50 Day MA.  See previous post on Reliance and ONGC too, the main components of this index.

BSE IT index:  This might be making a long term basing pattern.  In another few months, it will become clear whether Mar month was the middle of a rounded bottom pattern.  Note it is above 50 DMA even though it looks like in downtrend, so the downtrend may be slowing down.

BSE Metal Index: Somewhat confusing signs here. It is towards bottom of the range, however it did not go down below Jan lows unlike Bankex and CG indices.  It could meet resistance in middle of range.