Indian benchmark index, Nifty, opened positive yesterday on strong global cues but the buying momentum was lacking. It traded in a range of 30 points before closing at 8725. Market participants are eagerly waiting for the RBI credit policy which will be announced today at 11 am IST. Any rate cut will be cheered by the markets. Nifty share price and Bank Nifty share price is expected to take directional move either side after the policy announcement.