Chart Check:

[Excerpt of my morning inputs to the Paid Groups)

The market had a flat opening yesterday morning. The silence of the morning cascaded the massacre that was to follow. Swift selling pressure was evident particularly in the second half of the day pushing the index deep into the negative territory. Once the level of 4545 was broken, there was no looking back for the index....................(This portion only for the Paid Groups)

Investors can take the decline of yesterday with a pinch of salt and move ahead. There is little reason to worry as long as 4200 holds.