BOR: Market Outlook: Indian market will have flat to negative opening on the back of mixed performance in the global peers.

Market Outlook: Indian market will have flat to negative opening on the back of mixed performance in the global peers. Nifty has supports at 3300-3330 and resistance is at 3500. Some volatility is also expected keeping RBI meeting for credit policy review tomorrow. On the over sentiments Markets are expected to consolidate here. Traders must take profit on rise first and then think of getting into fresh trading ideas.

Nifty Outlook: Pivot Point: 3411

R1: 3463, R2: 3541, R3: 3593

S1: 3332, S2: 3280, S3: 3201

Results Today: TCS, Axis Bank, Sesa Goa, Escorts, Indowind Energy, Merck, Polaris

Indian ADRs ended mixed on Friday. In IT space, Infosys was up 1.75% at $ 27.98, Wipro was up 1.8% at $ 8.47, while Satyam Computers was down...

On the global front: Wall Street closes flat, gains for 6th consecutive week while Asia trading lower; Hang Seng, Nikkei down. The US markets ended flat on Friday but capped a sixth consecutive week of gains. Selling pressure in the final hour of trading led to a flat close on Wall Street but stocks closed higher for the sixth week straight. Better-than-expected results from General Electric and Citigroup and the best reading on consumer sentiment since September egged the markets on. The Dow Jones rose 5.90 points or 0.1% to close at 8,131.33. The S&P 500 rose 4.30 points, 0.5% to 869.60 while the NASDAQ added 2.63 points or 0.2% to 1673.07.