Market Update(12.15 pm)

European markets are likely to open negative as investors awaited quarterly results from General Electric and fresh insight on the outlook for company profits. FTSE set to open 10-15 points down.

Market Update(09.50 am)

Markets are trading negative because for the first time in three days as jobless claims by Americans unexpectedly increased and China announced measures to cool its real-estate market, replicating concern over global economic recovery which persists couple of months back. US markets had sold off earlier in the trading session after the jobless claims report and Google reported much better than expected earnings after the closing bell. According to technical analysts major support for the nifty will be 5180, trade below means dip correction will follow. Today markets are likely to trade in range bound. Nifty support 5250, 5230 and resistance at 5300, 5330.

Opening Bell

Markets opened negative as Asian markets are trading in down side. The weakness in US markets on Wednesday, followed by a report that consumer borrowing fell and General Motors said it lost billions of dollars during the second half of 2009. The U.S. consumer credit during February slumped by a drastic $11.50 billion as against the expected $0.7 billion, causing concerns of contraction in demand. Where the Japanese Machinery orders have unexpectedly fallen for the second month. According to analysts, its time of caution. Today markets are likely to face selling pressure and markets closing cues take direction from European markets. Nifty support 5330, 5290 and resistance at 5385, 5410.

Closing Bell

Market today closed on a positive note. During the afternoon session, the market tumbled down, mainly due to the negative European markets which opened on a flat note. European market which today opened flat in early trade as investors awaited euro zone GDP data for more insight on the region’s economic health. According to the analysts, markets shown some nervousness during the todays trade. For investors it is a time of caution. US markets will likely to fall, as investors remained cautious amid the recent stock run and awaited financial results from General Motors. Nifty major support are 5360, 3290.

Opening Bell

Markets are likely to open positive as majority of Asia markets are trading in the northward on the back of the Fed keeping its fund rate at low. US markets rose on Tuesday finish at their highest levels in more than a year and a-half. Dollar marked a decent gain of 0.3% against its counterparts. The much awaited FOMC minute stated that the low interest rates will be kept for an extended period of time. Today markets are likely to trade positive. Nifty support 5350, 5330 and resistance at 5385, 5420.

Opening Bell

Markets are likely to open in green. SGX Nifty +19 (5,284.50). US Markets on Tuesday traded choppy as investors weighed a rise in consumer confidence, more weakness in the housing market and a stronger dollar. Today markets are likely to trade choppy . Nifty support 5270, 5250, 5230 and resistance at 5340, 5490.

European markets update

European markets are likely to open flat to positive. FTSE set to open 5-10 points positive.

Opening Bell

Market are likely to open in green. US markets gained Monday, pushing the Dow to its highest point in a year and a half, after a report showing a rise in consumer spending added to bets about the strength of the economic recovery. Today markets are likely to trade in positive and could close at high of the day. Nifty support 5270, 5250 and resistance at 5340, 5390.