Firstly watch 19346-19365 after
negative Global markets
Post-open Outlook(16-08-2023)
As Dow Jones closed 361 points down and all the European markets also closed in Red yesterday as well as most Asian markets were trading in negative zone today morning therefore sentiment turned depressed and resultant negative opening of Indian markets were seen today. Some intraday supports were seen between 19346-19365 yesterday therefore firstly sustaining beyond this supports range should be watched today for next intraday decisive moves beginning confirmations towards following next supports/resistances:-
Next supports:-
1- 19376-19392
2- 19297-19365
Next resistances;-
A- 19485-19504
B- 19538-19623(Strong resistance)