Only weakness was told yesterday through following lines in Pre-Closing Outlook yesterday:-
1- Nifty traded whole day between 5110-5169 with intra day selling patterns between 5145-5169
2- Slipping below 5100 will be confirmation of again resistance from previous resistance range(5100-5120) and then steep fall will be expected.
Already higher levels intraday selling yesterday and crashing global markets today will mean gap down opening and following support ranges testing will be seen.
1-5020-5045
1-4912-4960
31 Sessions range bound markets(4720-5229) with good supports at lower levels and strong resistances at higher levels therefore targets will remain within range and sustaining beyond 31 Sessions range will be next trend confirmation.
Most depressed sentiment today morning and next moves first indication will be sustaining beyond above mentioned 1st support range(5020-5045) and that will decide that market is slipping toward next support(4960) or will consolidate within 5045-5110.