Today Indian Markets are likely to open flat to positive as most of Asian Markets are trading flat.On Tuesday,Sensex gained 0.50 percent.Today global markets are flat and Indian Markets are likely to follow suit.

Nifty has supports at 2910 and resistances are at 2970.There might be some profit booking.One can go short at higher levels.

Asian Markets are trading flat with Japan's Nikkei 225 Average down 0.73 percent down 61.58 points at 8426.72.Hong Kong's Hang Seng Index down 0.87 percent down 120.51 points to 13789.83.Shanghai Composite Index up 0.32 percent up 7.4 points to 2345.8.

U.S. Markets closed lower on Tuesday as investors pause after previous session rally.Dow Jones industrial average was down 1.49 percent down 115.89 points to settle at 7659.97.Nasdaq Composite Index closed down 2.52 percent down 39.25 points to settle at 1516.52.S&P 500 was down 2.03 percent down 16.67 points to settle at 806.25.

FTSE 100 index closed down 1.05 percent down 41.35 points to 3911.46,Germany's DAX closed up 0.26 percent up 10.99 points to 4187.36,France's CAC 40 closed up 0.17 percent up 4.82 points to 2874.39.

Crude oil for April delivery rose to $53.98 a barrel on the New York Mercantile Exchange.Gold ended lower and is trading at $923.80 an ounce.Dollar was mostly higher against other major currencies.
Wednesday,25 March 2009