Morning Update-29 July

LAST NIGHT WAS A SEA OF RED IN US MARKETS WITH DOW FALLING BY 239 POINTS. EUROPEAN MARKETS WHICH CLOSED MUCH EARLIER THAN US MARKETS ALSO CLOSED AROUND 1% DOWN WITH UK FTSE CLOSING . 75% DOWN. ASIAN MARKETS HAVE OPENED BADLY DOWN AND WILL HAVE A DIRECT IMPACT ON INDIAN MARKETS. EXPECT A GAP DOWN OPEN BELOW 4262 FOR NIFTY. WILL BULLS BE ABLE TO PROTECT 4217 ON NIFTY SPOT? THE RESULT WILL GIVE US THE TREND FOR NEXT MONTH.