Stock Market Today by Shailesh Saraf - Nifty has broken 7575 on the downside thus short term trend is SELL. Continued Put buying is witnessed in 7300 and 7400 strikes signaling Nifty may go to 7300

The Indian Markets witnessed a selloff breaking the critical level of 7575 which confirmed that the short term trend is a sell. Small Cap Index was showing relative weakness and saw a sharp sell off at 2:45 PM yesterday. In 45 minutes Small Cap Index sold off 1.5%. Put buying was seen in 7300 and 7400 strikes which indicate that markets can go down to 7300 levels in Nifty Futures.

Submitted April 08, 2016 at 02:41AM by ShaileshSaraf http://ift.tt/22h5mnK