Dow's Futures is more than 100 points down and in reaction all the Asian markets are trading in Red today morning therefore weak opening will be seen in Indian markets. I told many times earlier and again repeating today that flood of contradicting global cues and violent voltality in European and US markets therefore big uncertainity and most cautious approach is required.
5600 is most crucial point and Nifty is hovering it around for the last 10 sessions. Nifty traded 4 hours above it between 5606-5636 last Friday therefore sustaining beyond this range will be first strong indication of next move. As consolidation seen between mentioned range therefore finally sustaining above 5636 is expected but deep debt crisis in USA and global uncertainity therefore next trend confirmation is must through sustaining beyond 5606-5636.