BOR: Market Outlook: Indian markets may have a flat to positive opening today on the back of expected good fall in inflation.

Market Outlook: Indian markets may have a flat to positive opening today on the back of expected good fall in inflation. Supports are seen near 2,700-2,730 & resistances are at 2,800-2,830-2,860. Some volatility is expected on F&O expiry day. In the absence of fresh triggers, the market can break below support levels in the near-term. Inflation number is expected to be on the positive side expected number is seen at 3.31 pc on Feb 14 Vs 3.92% in the week ended Feb 7. If realized, it will be the index's lowest reading since Nov. 24, 2007, when it was 3.11%.

Nifty Outlook: Pivot Level: 2762

R1: 2790, R2: 2817, R3: 2846

S1: 2734, S2: 2705, S3: 2678

Indian ADRs: Tata Motors up 8%, HDFC Bank down 5%, ICICI Bank down 4%, Infosys down 1%

On the global front: US markets end lower; Dow down 80 pts while Asian markets trading higher; Nikkei up 1.33%. US markets fell after President Barack Obama warned of stricter oversight for Wall Street. Also, dividend cuts triggered a sell-off in insurers and an unexpected drop in home sales dragged down industrial shares, overshadowing speculation that banks will pass the government's so-called stress tests.