CRUCIAL WEEK-END

Yesterday,,i mentioned 5146 as the trend decider level in the morning,,,its the figure derived at, with the use of my new indicator,,which auto-generates pivot levels, on real time charts,on any time frame.

I said a few days back that...."" a channel support and few days sideways move, and than we may see selling pressure to resume "".........MONDAYS strong move was quite surprising, and i thought, i may prove right only upto the CHANNEL SUPPORT ,indication..but the three days passed on , without any clear indication of direction...as expected.

As i woke up early,today..i found asia opening qute low.could be a trigger for the sell-off i expect.

A STRONG CLOSE above 5218 can negate, this down move possibilites....but a close below 5146---5080 will really play havoc in the markets.

stocks like tata steel,,siemens,abb,aban,dlf,,rel-cap,sesa goa,,sterlite are looking very week on daily charts.

5080 gone and perhaps 4976 wouldnt help.