Nifty future was trading lower by more than 125 points, major part of selling was due to poor data released from European in afternoon at 1:30pm IST. Also china PMI came lower suggesting confidence in Chinese economy is getting lower due to lower growth target. We saw commodities were trading lower on that account, thus creating strength in USD. In Europe just after the data was released we saw Germany’s DAX index falling more than a percent in few minutes time, this selling also came in nifty future and from intraday high nifty future lost about 150 points. How ever nifty future has somehow managed to hold above 5220 level on charts and breaking below that level we would see it testing 5170 level. For long term investor it is right time to start their investment in small percentage, like I would have invested 20% of my total capital in few mid-cap stocks in different sectors. Banking index was also one of the under-performing sector today, large-cap stock like Jindal Steel, State Bank of India, Infosys, axis bank, BHEL, HDFC Bank, Tata Motors, ITC, LT, BHARTIARTL, ICICI Bank and Reliance Industries these stocks were hit badly today. We must see nifty future consolidation for next few sessions, traders are advised to stay cautious as it is now news driven market, also keen an eye on Q4 results annual result that will be out very soon.