market always needed a reason to correct, this time dow jones gave that reason. as its clearly visible a reversal pattern has formed in DJI index. impact of this sell off in global market can be seen in our market also. nifty broke its support of 9490 at the opening and gave a shorting oppurtunity. on hourly chart first support / target of short will b 9440 breaking that we will see a level of 9360.
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target 1 achieved in shorts 9448 (trendline support)