BOR: Market Outlook: Indian markets expect will have flat to negative opening today following to mixed performance in the global peers.

Market Outlook: Indian markets expect will have flat to negative opening today following to mixed performance in the global peers. Nifty has supports at 3550-3600 and resistances are at 3730-3780. Market is in a consolidation phase and as assault a fresh up move has generated on technical front, which should take the market up to its next logical target of around 12569-12857.

Nifty Outlook: Pivot Level: 3664

R1: 3711, R2: 3739, R3: 3786

S1: 3636, S2: 3589, S3: 3561

Results today: Andhra Bank, UCO Bank, GE Shipping, Peninsula Land, Landmark Property, Alembic, Novartis, Infomedia India, MM Forgings

Indian ADRs: ICICI Bank down 5%, HDFC Bank down 4%, Wipro, MTNL down 3%, Tata Motors down 2%.

On the global front: Wall St Declines led by banking stks; Dow down 12 pts while Asian markets trading lower; Hang Seng down. The US markets fell post the Stress Test results, they declined as bank stocks took a hit and techs dragged on the NASDAQ. The losses deepened after a weak government bond auction. The Dow slipped 102.43 points, or 1.2%, to 8,409.85. The S&P 500 indexes was down 12.14 points, or 1.3%, to 907.39, and the Nasdaq composite index fell 42.86 points, or 2.4%, to 1,716.24.