So far nifty retraced 50% from day low to day high moves. If nifty has formed a short term base support then it should hold 22894 spot levels on daily closing basis and it should not close below 22894 as minimum requirement and in good case it should close at or above 23050 to 23080 spot levels and in excellent case it should give close at or above 23225 spot levels.
NOTE: if we closes below 22894 spot levels today then market remains in pressure so understand the importance of 22894 spot levels here.