Today, Asian markets witnessed a neutralizing action in order to correct the knee jerk reaction they made, expecting a DOW crack. Now all markets are uniformly positioned and ready to continue as they had "planned".
Now, look at the price action in NIFTY. You can see that it has made a near Double Top ( T1 and T 2). T2 failed to catch up with T1. The Confirmation point is when NIFTY sustains below 4800 beyond 11.00 AM tomorrow.
A different view is that if NIFTY Close below 4800, it will confirm the near term trend change.
