BOR: Market Outlook: Indian Equity markets may have flat to negative opening today on the back of mixed show in the global markets.

Market Outlook: Indian Equity markets may have flat to negative opening today on the back of mixed show in the global markets. Nifty has supports at 3350-3400 and resistances are at 3515-3550. Technically the trend is still intact up and the next technical target in the days to come is 11695 if the market continues its journey up. We may see some hiccups as the market is in a stretched territory, there is also a possibility that the market may react and if that happens then we have a strong support at 10761-10099.

Nifty Outlook: Pivot Point: 3458

R1: 3513, R2: 3546, R3: 3602

S1: 3425, S2: 3369, S3: 3336

Results today: OBC, Tech Mahindra, Bank Of Baroda, JP Associates, Aban Offshore, Areva T&D, Aztecsoft, Bartronics India, Bosch, Cambridge Solutions, Castrol India, CCL Products, eClerx Services, Eveready Ind, Geometric, Indian Bank, KPIT Cummins, Lanco Industries, Mindtree, Noida Toll Bridge, Shiv-Vani Oil, Shree Renuka Sugars, United Breweries, United Spirits, Wabco-TVS, TVS Electronics

Indian ADRs: Tata Motors up 5%, ICICI Bk up 3%, Infosys up 1%, Satyam down 2%, Tata Comm down 5%.

On the global front: Wall St ends higher on Fed's bank stress test release while Asian markets trading weak; Hang Seng down 2%. The Wall Street ended with triple digit gains after the white paper on Fed's stress test was released and better than expected results from Ford but ended lower for the week, snapping a six-week winning streak. For the week, the Dow and S&P finished lower after six straight weeks of gains. The NASDAQ meanwhile eked out a seventh straight weekly gain. The US Federal Reserve released the methods it used to conduct stress tests of the biggest US banks, while stopping short of any details that signalled how much new capital regulators will demand.