Brent Crude has been in a falling channel for few weeks now and that channel has been violated.
Price has also retested the channel once.
So assuming the low will hold Buy at 63 with a Stoploss of 59 Targets can be 64.3, 68.6 and 72.
Dow Jones Index has made a double top and now threatening to fall below support.
Looking at the charts and the extent of rally we had for past 2 years...we may be in for a big correction and the correction we are seeing may just be the beginning of a long term bear market in US markets which may spread all over the world.
Sunpharma made a double bottom on weekly charts and looked strong for a large part of 2018 until the recent fall.
It broke below the crucial 430 levels and looking for new lower support zones.
Next support can be around 384 levels.
MIDCAP 100 index has been in a trading range from the past one month.
This is very unusual for this index as it normally tends to be very volatile.
Midcaps have been weak all through this 900 point nifty rally so a correction in Nifty may trigger a deep correction in Midcap stocks.
Watchout for a breakout on either side....