US stock markets sold off friday, as dismal jobs report added worries to global economic growth. China is already slowing in growth. India has shown lowest growth in first quarter, meanwhile European woes to rattle markets. Spain borrowing cost, Greek election poll predictions, Germany's denial of banking union amongst EU nations will continue to weigh asian markets today. Technically, S&P 500 broken a key important level of 1300 decisively. It might predict more downside for markets, but any clarity regarding EU policies might lead to a bounce back.

Nifty Trading Tips & Outlook Today:

We have recommended to short Nifty on Thursday & Friday trading sessions. Nifty will break important support 4800 and might trade below. If it closes below 4800, it creates another sell signal, but technically support levels might lead to bounce back soon. We advice not to trade Nifty today and wait for another technical break off below 4750.

Check out our previous recommendations here