Today Indian Markets are likely to lower as most of Asian Markets are trading lower.On Friday,Sensex gained 0.45 percent.Today global markets are trading lower and Indian Markets are likely to follow suit.

Nifty has supports at 3080 and resistances are at 3150.There might be some profit booking.One can go short at higher levels.

Asian Markets are trading lower with Japan's Nikkei 225 Average down 1.76 percent down 151.91 points at 8475.06.Hong Kong's Hang Seng Index down 2.06 percent down 291.19 points to 13828.31.Shanghai Composite Index down 0.07 percent down 1.614 points to 2372.824.

U.S. Markets closed lower on Friday as investors book profit.Dow Jones industrial average was down 1.87 percent down 148.38 points to settle at 7776.18.Nasdaq Composite Index closed down 2.63 percent down 41.80 points to settle at 1545.2.S&P 500 was down 2.03 percent down 16.92 points to settle at 815.94.

FTSE 100 index closed down 0.67 percent down 26.35 points to 3898.85,Germany's DAX closed down 1.31 percent down 55.82 points to 4203.55,France's CAC 40 closed down 1.78 percent down 51.45 points to 2840.62.

Crude oil is trading at $5141 a barrel .Gold ended lower and is trading at $923 an ounce.Dollar was mostly higher against other major currencies.
Monday,30 March 2009