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.