Networth Stock Broking has suggested a strong resistance for NSE Nifty in 3000-3100 range. US Stock markets ended positive and Asian markets are expected to open strong on Monday. Indian Stock markets may also open with a wide upward gap on Monday.

As per figures from exchange, stocks worth Rs 4.5 crore were sold by FII in cash market on Friday. Domestic Institutional investors sold stocks worth Rs 184 crore in cash market.

Network Stock Broking analysts believe 2510 and 2492 as a strong support level for NSE Nifty.

In Indian markets, consumers may get relief as the government has decided to cut excise duty by 4%. Maruti, Tata and other automobile majors have annouced that they will soon reduce the prices of vehicles to increase sales. Price cut for Petrol and Diesel was also announced by the UPA governement on Friday.

Crude Oil ended the week at USD 46.3 per barrel. Gold and Silver were up by 1.2% and 1.35% respectively.