Nifty Analysis: How much more pain left? Where is the bottom?

Nifty Analysis:
1) Today's low 23816 is very important level to watch.
2) Next support at 23502 (Father Line or 200 days EMA).
3) Final Major support near 23201(Trend line meeting point and 50 weeks EMA (Major Mother Line).
4) Closing below 23201 has potential to break the hell loose.
5) Resistance on the upside at 24145, 24320, 24506 and 24781 (50 days EMA-Mother Line).
6) Bulls can take control only after we get a closing above 24781.

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Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Note
Market Outlook:

As predicted 23816 to 23850 zone proved to be a strong support as the Nifty recovered 387 points from day's low which is a remarkable comeback. No change in Support or resistance outlook for tomorrow. Only shadow of the candle changes to positive.
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