Market Outlook: Expect Indian markets to trade in positive zone as short covering is expected to blow up.

Market Outlook: Expect Indian markets to trade in positive zone as short covering is expected to blow up. Result oriented action to set the market trend in the on going session. We expect Nifty to trade around the 2800-2900 levels going forward. On the global front US markets end mixed; Dow down 25 pts while Asian markets trading firm; as Nikkei advances.

Nifty Outlook: Pivot level: 2756
R1: 2791, R2: 2837, R3: 2873, S1: 2709, S2: 2674, S3: 2627

Results update: Motilal Oswal Q3: -
Total Revenues at Rs 96.2 Cr, down 30% (QoQ), down 59% (YoY).
-OPM at 36.7% vs 39.6% (QoQ) & 37.47% (YoY).
-Net Profit down at Rs 20.4 crore, down 25% (QoQ), down 62% (YoY).