
In the intraday hourly chart, nifty has breached support level and RSI is turning down indicating further fall.
However there are some positive signs of rising. Daily indicators like SLOW STOTCH and W%R are in oversold zone and getting ready for the bounce. If nifty can regain 2800 levels, it will arrest further fall. DOW is falling from past 3 to 4 sessions, so if there is any positive ending in Dow, then asian markets may move up in morining.
Support: 2760-2748-2720-2700
Resistance:2780-2795-2822-2835
Tonight, DOW was trading in red and NASDAQ was slightly positive to green.
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