Dow's Futures is trading more than 140 points down and European markets Futures are also .95% to 1:50% down today. All Asian markets are .75% to 2.10% down therefore sentiment is dampened today morning and negative zone trading is being seen after gap down opening today but Indian markets are out performing Global markets and now 60% down.
As good selling at higher levels above 5100 and good buying at lower levels also below 5000 therefore market require complete prepartion for next decisive moves. Coming hours intraday charts formations will give next moves first indication and and conclusions will be updated in the Blog.
Following levels break out will also give next moves indications therefore should be watched also;-
1- 5030-5075 for 1st indication.
2- 4969-5130 for confirmations.