BOR: Market Outlook: Indian Markets will have positive opening today on account of strong cues from global markets.

Market Outlook: Indian Markets will have positive opening today on account of strong cues from global markets. Outlook for the markets today is that of caution as the impeding weekend factor coupled with the overseas cues may restrict buying support. The undertone remains strong as global cues continue to be positive. Nifty has supports at 3550- 3600 and resistances are at 3730-3780. Traders should use intraday dips to buy.

Nifty Outlook: Pivot Level: 3650

R1: 3691, R2: 3758, R3: 3800

S1: 3583, S2: 3541, S3: 3475

Results today: JSW Steel, Union Bank, JP Hydro, Birla Corp, Tata Metaliks, Tamilnadu Petroproducts

Indian ADRs: Satyam up 10%, ICICI Bank down 6%, Infosys down 3%, Tata Motors down 2%

On the global front: Wall Street ends higher; Dow up 101 points and Asian markets trading higher; Nikkei up 4.4%. The US markets gained after a turbulent session on the back of reports that indicated the pace of layoffs is beginning to slow against worries that the rally may be getting ahead of itself. The Dow rose 101.63 points, or 1.2%, to 8,512.28. The S&P 500 index added 15.73 points, or 1.7%, to 919.53. The NASDAQ gained 4.98 points, or 0.3%, to 1,759.10.