Asian Markets were trading positive during early trading session on Monday. US stock markets ended the week in positive. Indian Markets are expected to open slightly higher than Friday’s close.

ICICI direct has suggested a strong support at 2890 and 2870 for NSE Nifty. The resistance for Nifty stays at 2940 – 2960. If Nifty manages to break this level at closing, we can expect Nifty to cross 3000 level.

Tata Steel has been gaining ground for past week. The stock is expected to perform well on Monday also. Among other stocks to watch are ICICI Bank, Satyam Computers, Reliance Communications, Suzlon Energy, Unitech and DLF.