Indian markets completely ignored weaker Global cues and opened gap up but could not sustained at higher levels and slipped sharply within first two minutes.
Although weak global markets and new F&O rules from today but market require complete distribution patterns for any down move because good consolidation between 4929-4995 on 30-08-2011.
Nifty is trading between 5007-5026 for the last 45 minutes,sustaining beyond this range will be next moves first indication and should be watched first today.