Firstly watch crucial levels for next trend confirmations after FOMC minutes release
Pre-open Outlook(20-08-2015)
As Dow Jones closed 162 points down yesterday after minutes from the FOMC Reserve's last policy meeting which showed that the central bank was "approaching" its first rate hike in nearly a decade therefore all the Asian markets are trading negative and some are more than 1% down resultant weakness will be seen in Indian markets also.
Last 3 sessions trading between 8429-8531 with lower levels consolidation therefore valid break down of 8429 will be first signal of next trend after FOMC minutes and final confirmation will be according to sustaining beyond 36 sessions trading range(8316-8654).
Firstly above mentioned crucial levels should be watched after FOMC minutes release for next trend confirmations.