Today Indian Markets are likely to open Positive as most of Asian Markets are trading higher.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 3180 and resistances are at 3270.There might be some profit booking at higher levels.

Asian Markets opened positive on Monday following cues from U.S. markets with Japan's Nikkei 225 Average up 2.29 percent up 200.10 points at 8,949.94.Hong Kong's Hang Seng Index up 3.26 percent up 474.80 points to 15,020.50.

U.S. Markets closed higher on positive on Friday.Dow Jones industrial average gained 0.5 percent up 39.51 points to settle at 8017.59.Nasdaq Composite Index gained 1.2 percent up 19.24 points to settle at 1621.87.S&P 500 gained 0.97 percent up 8.12 points to settle at 842.5.

Crude oil is trading at $53.3 a barrel on the New York Mercantile Exchange.Gold ended higher and is trading at $897.30an ounce.
Monday,06 April 2009