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Morning Update ( 28.08.2008 )
Major Asian stock markets are trading mixed with Nikkei and Strait Times being up by 0.06% and 0.19% respectively. However, Hang Seng is down by 1.31%. US markets closed positive yesterday with Dow Jones and Nasdaq being up by 0.79% and 0.87% respectively. European markets closed mixed. Indian markets closed lower with low volumes yesterday. Advance Decline ratio for Sensex stood at 0.65. We expect market to trade range bound today. Nifty has its support at 4215/4180 and resistance at 4450/4600. Corresponding levels for Sensex are 14216/14100 and 14800.
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