Tuesday, January 13, 2009

Indian markets to open flat to negative on weak global cues

Indian markets are likely to open flat to negative on flattish global cues. The markets will be keeping a close eye on the earnings season, which will kick off today with Infosys announcing its third quarter results. The Street will be interested in the earnings guidance for the next year.

The Sensex has supports at 8980 and 8870 and resistances at 9130 and 9210. The Nifty has supports at 2720 and 2690 and resistances at 2790 and 2820.


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