US Markets (DOW and NASDAQ) Today : April 02,2008

US markets fell marginally for the first time in the month of April on account of recession comments made by Bernanke.Dow closed by 48 points down and NASDAQ by 1.35 points down.

Triggers:
1. Fed chairman, Bernanke says GDP will not row much in first half of the year
2. Crude inventories rise unexpectdly
3. US Economy data watch
a. 8000 jobs added in pvt sector
b. Mortgage application fell last week
c. Factory orders down 1.3%
4.U.S. light crude oil for May delivery soared $3.85 to $104.83 a barrel
5.The dollar fell near an all-time low against the euro but posted slight gains versus the yen

Impact on India : With the bad cues from Global markets in addition to the bear sentiment from yesterday's trading, the markets expected to open flat and can slide downwards. There are chances of NIFTY touching 4600 levels and end at that level or flat in 4700 levels.