Firstly watch next supports after
weaker Global markets yesterday
night & today morning
As all US Markets closed in negative zone yesterday and all the Asian markets were also trading weaker today morning therefore sentiment turned depressed hence firstly downward moves were seen after 72 points negative opening of Nifty because Short Term correction is on and no confirmation of its completion yet on EOD charts.
US markets closing is as follows:-
1- Dow Jones closed 0.38% Down yesterday.
2- S&P 500 closed 0.50% Down yesterday.
3- Nasdaq closed 0.50% Down yesterday.
Asian markets trading positions are as follows:-
1- Nikkei 225(Japan) is trading 0.65% Down today morning.
2- Hang Seng(Hong Kong) is trading 0.49% Down today morning.
3- Taiwan Weighted is trading 0.19% Down today morning.
4- SET(Bangkok) is trading 0.20% Down today morning.
5- KOSPI(Korea) is trading 2.39% Down today morning.
As Short Term correction is very much on therefore firstly following supports should be watched for the life and length of on going correction
1- 24709-24772(Now trading within these supports).
2- 24550-24618.
3- 24356-24462(Strong supports).
4- 24165-24337(Gap Support).