Nifty Consolidating? What's Next?

After a turmoil in the US and Japanese market, the ripple effect led the Indian markets to fall on an average 4% on Monday.

This crash has led to correction of an overvalued market, as per analysts.

The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story.

Let us look at Nifty50's chart on Daily Timeframe:

Previous support: 23890

a level where price should stay and give a bullish sign: 24211