SGX suggests a soft open, no panic.

As I write this at 7.18 AM. the SGX Nifty suggests an 85 point decline. This is really not bad news. On Friday, the Nifty had touched 5100, so if we go down to 5100 today, we are really seeing a test of Friday lows, no more.

I have given my views in previous posts. We should see a short term low soon enough.