Global markets trading positions are as follows:-
1- Asian markets closed or trading:- 1.86% to 4.39% down.
2- European markets trading:- 1.36% to 2.31% down.
3- Dow'Futures is more than 100 points down today.
Indian markets are less than 1% down and out performing global markets today. Indian markets out performed Global markets last Friday also and closed in Green while all the most Global markets closed in Red last Friday.
Nifty traded and consolidated first 4 hours between 4966-4994. This range is today intraday support and strong indication of on going Pull Back rally continuation.