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Morning Update ( 06.01.2009 )
Major Asian markets are trading mixed with Nikkei being up by 0.91% whereas Hang Seng and Straits Times being down by 0.41% and 0.74% respectively. U.S. markets closed negative with Dow and Nasdaq down by 0.91% and 0.26% respectively. Europe, however, closed higher with FTSE up by 0.39%. Indian markets closed strong yesterday with higher volumes. Advance decline ratio of the BSE stood at 1.96. We expect markets to be positive today.Nifty has its support at 3115 and resistance at 3178. Corresponding levels for sensex are 10070/10160 and 10450.
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