Market Outlook for 08-02-2012

Markets likely to make a flat-to-positive start on supportive global cues.

After showcasing smart performances in the recent past, Indian frontline equity indices slipped lower in Tuesday's session and registered its first negative close in last six sessions. The US markets managed a green close on Tuesday and recovered the ground lost in previous session amid choppy trades.

Support for Nifty is at 5300 & Resistance at 5391.