Finally Next supports of Nifty will confirm Mauritius treaty news actual reaction
Although closing near the higher levels of the day yesterday but we told following line at 06:10 PM yesterday in "Sideways Market before next Trend":-
good selling on the back of strong Global Cues can not be ruled out today
good selling was told only on the back of intraday charts analysis and result is clear that Nifty traded more than 100 points down in 1st minute today.
Although such huge down is due to Mauritius treaty news also but there was no such news at 06:10 PM yesterday when above topic was updated.
Next supports of Nifty are between 7678-7730 and should be firstly watched after Mauritius treaty news because today reaction may be sentimental also but finally sustaining beyond this supports range will decide Long Term Trend because Long Term Trend decider 200 Day EMA is today at 7778 and Nifty is hovering it around for the last 7 sessions. Mentioned supports range will confirm actual reaction of Indian markets fundamentals because below 7678 will mean deeper correction and above 7730 will mean fresh rally after digesting Mauritius treaty news.