BOR: Market Outlook: Indian Markets will have positive opening today ahead of global sentiments and trade will remain volatile.

Market Outlook: Indian Markets will have positive opening today ahead of global sentiments and trade will remain volatile. Nifty has supports at 3250-3300 and resistances at 3400-3450. Nifty had a six week rally and profit booking is expected at higher levels. Traders may wait for intraday dips to trade and should be quick to book profit.

On a stock specific note, shares of Satyam Computer are likely to be in focus as the bids for the fraud hit company will open Monday in a sale aimed at giving the company a capital injection and a fresh beginning. Engineering firm Larsen & Toubro is seen as a potential front runner for the company; others in the race include Tech Mahindra, US billionaire investor Wilbur Ross and Cognizant Technology Solutions.

Nifty Outlook: Pivot Point: 3350

R1: 3393, R2: 3444, R3: 3487

S1: 3299, S2: 3256, S3: 3204

Indian ADRs: ICICI Bank up 10%, Tata Motors gains 15%, HDFC Bank was up 6.73%, MTNL closed 3.89%, Infosys Technologies closed 2.8% and Satyam was up 8.16%

On the global front: US mkts end strong led by financials; Dow up 246 points While Asian markets trading firm; Shanghai Composite up 1.8%. The US markets closed the week on a cheerful note capping their fifth straight up week led by a record gain in banking shares. All three major indices logged their best single session percentage gain in two weeks and closed at session highs. The Dow Jones Industrial Average shut shop at 8,083.38, up 246.27 points or 3.14%. The NASDAQ Composite went up 61.88 points or 3.89%, to settle at 1,652.54. The S&P 500 closed 31.40 points or 3.81% higher at 856.56. In the economic news, initial jobless claims decreased more than economists estimated last week and the trade deficit unexpectedly shrank 28%, to USD 25.97 billion in February, the smallest deficit since 1999. And import prices rose 0.5% in March, the first increase in eight months. Export prices fell 0.6%.