Today Indian Markets are likely to open Higher following positive cues from Global Markets.There might be gap up opening with nifty opening around 1 percent.Nifty has resistance at 2970 and support at 2840.Markets might be volatile around 2870 levels.On Monday,Indian Markets rallied on positive global cues and ended the day at the day's high.Sensex was up 5.10 percent up 457.34 points to close at 9,424.02 following cues from global markets.NSE closed the day 4.52 percent higher, to settle at 2,939.90.

Asian Markets are trading positive on Monday with Japan's Nikkei 225 Average up 1.6 percent up 131.68 points at 8347.21.Hong Kong's Hang Seng Index up 1.05 percent up 141.85 points to 13589.27.Shanghai Composite Index up 0.7 percent up 16.16 points to 2341.649.

Dow Jones industrial average rallied 6.84 percent up 497.48 points to settle at 7775.86.Nasdaq Composite Index closed higher 6.76 percent up 98.50 points to settle at 1555.77.S&P 500 rallied 7.08 percent up 54.38 points to settle at 822.92..

FTSE 100 index closed up 2.86 percent up 109.96 points to 3952.81,Germany's DAX closed up 2.65 percent up 107.63 points to 4176.37,France's CAC 40 closed up 2.81 percent up 78.43 points to 2869.57.

Crude oil for April delivery rose to $53.62 a barrel on the New York Mercantile Exchange.Gold ended lower and is trading at $952.50 an ounce..Dollar was mixed against major currencies.Euro rose to $1.3636.Dollar rose to 96.91 yen.
Tuesday,24 March 2009