BOR: Market Outlook: Indian markets may have flat to positive opening today.

Market Outlook: Indian markets may have flat to positive opening today. Nifty has supports at 4150-4170 & resistances are at 4300-4360. Some profit booking is expected at higher levels. Outlook for the markets today is that of caution, as the weekend factor & weak overseas cues may impact sentiments.

Nifty Outlook: Pivot Point: 4243

R1: 4286, R2: 4362, R3: 4406

S1: 4167, S2: 4123, S3: 4047

Indian ADRs: Tata Motors up 7%, Tata Comm down 4.7%

On the global front: Wall Street slips on poor economic data; Dow down 130 pts while Asia trading mixed; Hang Seng up, Nikkei down. The US markets finished off their lows of the session, but still logged a triple-digit loss yesterday as the Fed's lowered outlook and disappointing economic data shook investor confidence. One of the big things weighing on the market was the Standard & Poor's downgrade on the UK economy to "negative" from "stable." This raised concerns about both UK and US credit rating. Most economic data came in worse than expected. Initial jobless claims dropped by 12,000 to a seasonally adjusted 631,000 last week, slightly higher than expected. Continuing claims climbed to a new record of 6.66. The Dow fell 129.91 points, or 1.5%, to 8,292.13. The S&P 500 index fell 15.14 points, or 1.7%, to 888.33, and the NASDAQ composite index fell 32.59 points, or 1.9%, to 1,695.25.