It has been observed that all the Global markets dances on US markets tunes(Futures) during trading hours nowadays. Dow's Futures was trading more than 50 points down in the morning and when started to recover then up moves started in all Asian and Indian markets. As soon as Dow's Futures tumbled then all Asian markets also slipped from intra day higher levels. Dow's Futures is trading more 40 points down and Nifty is also trading 25 points down from today highest.
Short covering rally seems today sustaining at higher levels is doubtful.
Short covering rally seems today sustaining at higher levels is doubtful.