GLOBAL MARKETS ARE DOWN AFTER JAPAN RAISED ALARM OVER FUKUSHIMA NUCLEAR POWER PLANT DISASTER, STATING IT AS BAD AS CHERNOBYL. DOW CLOSED 117 POINTS DOWN; EU MARKETS DOWN ABOUT 1.5% EACH; HOWEVER ASIAN MARKETS ARE DOWN MARGINALLY; SGX NIFTY DOWN 60 POINTS AT 5740;
WE EXPECT OUR MARKETS TO TOE THE LINE AND OPEN GAP DOWN AROUND 5760; NIFTY FUTURES COULD TRADE IN BROAD RANGE OF 5720 - 5860;
NIFTY FUT BULLISH ABOVE 5820 FOR TARGETS OF 5845/5865
NIFTY FUT BEARISH BELOW 5790 FOR TARGETS OF 5760/5745/5725
RAJAN IYER
WE EXPECT OUR MARKETS TO TOE THE LINE AND OPEN GAP DOWN AROUND 5760; NIFTY FUTURES COULD TRADE IN BROAD RANGE OF 5720 - 5860;
NIFTY FUT BULLISH ABOVE 5820 FOR TARGETS OF 5845/5865
NIFTY FUT BEARISH BELOW 5790 FOR TARGETS OF 5760/5745/5725
RAJAN IYER
