As better than expected jobs report in USA last Friday therefore its negative impact on Indian markets and resultant USDINR is 1.25% weak and Nifty also traded more than 1% down today. Correction of Wave-3 is on and deeper correction was not expected but negative news generation for Indian economy because Fed may taper QE-3($85 billion per month Bond buying programme) sooner rather than later after better jobs report therefore correction continuation. Following next supports should be firstly watched now for correction completion or much deeper correction:-
1- 6080
2- 6034
1- 6080
2- 6034