Global and Asian markets are bleeding ... a gap down opening of 1.5 to 2 % can not be ruled out ..by this gap down opening ,support of Nifty at 4785 will be treated as broken and 2 to 3 closing below 4800 may develop a new trading range 4650 ><4785 or 4530 ><4785
http://www.dhanvarsha.in/2012/06/weekly-outlook-of-nifty-for-week-ending.html
Maximum markets except US markets are trading at their crucial levels/supports and possibility of range trades /reversal can not be ruled out provided current level will be able to hold panic sell off
