Indian Stock markets opened positive on Friday. NSE Nifty was up by 32 points. Among major gainers were Reliance Petro, Satyam Computers, Suzlon Energy, Unitech and HDFC.

Major losers on NSE were HCL Tech, Power Grid, NALCO, Siemens and Hero Honda.

HDFC Securities research report expects markets to open strong and remain rangebound for the trading session.

ICICI Direct suggests strong support for NSE Nifty at 2890 and 2870. The immediate resistances for Nifty are 2920 and 2940.

Angel Stock Broking expect Nifty to rally up to 3075. Reliance Money expect markets to remain strong for the day with resistance for NSE Nifty at 3040.

Asian markets were trading higher during early session. Nikkei 225 was up by 74. Straits Times and Taiwan Index were marginally up. Dow Jones closed higher on Wednesday while European markets closed lower.