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Morning Watch

Nifty is likely to open Negative based on Global Cues. If Nifty is unable to hold and close above 5270 levels we can see selling pressure till 5180 levels. Bias remains negative to side ways

In the US markets, stocks came off their worst levels but still closed in negative territory as investors remained jittery ahead of the earnings season and amid renewed global growth concerns.

Dow Jones Industrial Average was down 0.28% or 36.18 points at 12736.29. Nasdaq Composite was down 0.19% or 5.56 points at 2931.77. Standard & Poor's 500 was down 0.16% or 2.22 points at 1352.46.

Asian markets were trading firm.

China's Shanghai Composite was up 0.31% or 6.72 points at 2,177.53.
Hong Kong's Hang Seng was up 0.20% or 38.91 points at 19,467.
Japan's Nikkei rose 0.34% or 30.30 points at 8,927.18.
Singapore's Straits Times gained 0.62% or 18.29 points at 2,947.37.
South Korea's Seoul Composite was up 0.14% or 2.62 points at 1,838.75.
Taiwan's Taiwan Weighted was flat at 7,311.48.