Although Indian markets closed positive and Dow Jones was trading more than 75 points up at 11:24 PM yesterday but then at that time following lines were told yesterday in Technical Analysis and Market Outlook(20-08-2014):-
Very Short Term correction possibility was told and most time negative zone trading between 7867-7898 but today intraday charts have not shown any one sided positions formations therefore sustaining beyond 7867-7918 should be firstly watched now for next big trend confirmations.
As sufficient selling patterns at higher levels today therefore very Short Term correction possibility can not be ruled out