US Markets (DOW and NASDAQ) Today : April 15,2008

Markets recovered from the losses today on account of some earnings and good NY regional manufacturing report. Both DOW and NASDAQ are up by around 0.5%

Triggers

1. Strong regional Manufacturing report

2. Day's upbeat earnings announcements from INTEL,Johnson and Johnson

3. Delta Airlines merger with Northwest airlines to becomes world's largest airliner.Deal is around $3 bn.

4.New record for crude oil which settled at $ 113.79 a barrel

5. Dollar fell against Euro and gained against YEN

Impact on India : Indian Markets can open today with positive gap up continuing from where it left off yesterday .Good cues are coming from US and Asian Markets.Today can become a good opportunity to buy PUT's at 5000 and 5100 levels for a premium of 150 to 200. Also Interesting to see if NIFTY crosses 5000 and stay above 4950 levels.