Infosys Technologies CEO Vishal Sikka arrives at the 3rd quarter financial results of the company at the headquarters in Bengaluru. Pic/PTI

NIFTY closed positively on Friday, above 8400 and it is likely to open with a positive gap up, due to strong closing of foreign markets. Nifty faces resistance at 8443 and 8450 levels in the short term and it may get good support at 8374 and 8315 levels. Beginning this week, we can expect sideways movements and consolidation after a firm opening on Monday. Later, we can expect sharp one sided movements. If that happens, then Nifty may move above 8500 and at the lower end it will get good support at 8283. Price corrections can be utilised to buy front line stocks, because monthly charts are suggesting further uptrend to resume ahead of the budget.