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Thursday, March 12, 2009

Indian markets to up gap up


Indian markets are likely to open with a gap up since we have some ground to cover for the past two sessions. All markets were up between 5 and 6% in the previous trading session taking a breather from the positive cues from US markets. We need to see whether we can sustain early gains. Inflation for the week ended February 28 is expected at 2.34% as against 3.03% a week earlier. The Sensex has supports at 8090 and 8000 and resistances at 8380 and 8620. The Nifty has supports at 2550 and 2520 and resistances at 2640 and 2670.