Indian markets firstly reacted last 2 days global markets steep falls and and after that reacted following sharp surge in global markets:-
1- Dow's futures trading currently trading 100 points up
2- Most Asian markets closed with good gains
3- European markets are also trading more than 1% positive
No final conclusion can be drawn from such Global sentimets led Indian markets huge voltality because technical positions reverses sharply during these big movements. It will be better to wait for markets settling down and next trend confirmations should be drawn from Nifty sustaining beyond 5932-6010.