Today Indian Markets are likely to open Positive as most of Asian Markets are trading lower.On Wednesday,Sensex was up 1.99 percent up 193.49 points to close at 9,901.99.NSE closed the day 1.29 percent higher, to settle at 3,060.35. and Indian Markets are likely to follow suit.

Nifty has supports at 3020 and resistances are at 3150.There might be some profit booking.

Asian Markets opened positive on Thursday following cues from U.S. markets with Japan's Nikkei 225 Average up 2.85 percent up 238.43 points at 8590.34.Hong Kong's Hang Seng Index up 3.62 percent up 489.27 points to 14008.81.Shanghai Composite Index up 0.7 percent up 16.88 points to 2424.90.

U.S. Markets closed higher on positive housing, manufacturing data on Wednesday.Dow Jones industrial average gained 2.01 percent up 152.68 points to settle at 7761.6.Nasdaq Composite Index gained 1.51 percent up 23.01 points to settle at 1551.6.S&P 500 gained 1.66 percent up 13.21 points to settle at 811.08

FTSE 100 index closed up 0.75 percent up 29.47 points to 3955.61,Germany's DAX closed up 1.13 percent up 46.31 points to 4131.07,France's CAC 40 closed up 1.15 percent up 32.27 points to 2839.61.

Crude oil was down $1.27 to $48.39 a barrel on the New York Mercantile Exchange.Gold ended higher and is trading at $927.70 an ounce.Dollar was mixed against other major currencies.
Thursday,02 April 2009