Stock Market Today by Shailesh Saraf - 5 Reasons Why Nifty will Fall after the RBI Rate Cut

1. Nikkei has fallen 1500 points from its recent high breaking its major support of 16500 including today’s continued sell off of 300 points.
2. The Euro currency has triggered a breakout above 1.1376 leading to a sell off in DAX. If Euro trades above 1.1413 and DAX breaks 9712 on the down side, markets might give a sharper sell off.
3. Crude Oil has seen an accentuated sell off from $42.50 to $35.50 which is a fall of 17%. It has given a breakout below the gap level of $37.71 and the next target is $34.22.
4. US Cot report( commitment of traders) is showing above average sell positions being built for the first time.
5. In the current expiry maximum open interest positions is in 7500 Put indicating that Nifty might see a sharp fall.

Submitted April 05, 2016 at 12:47AM by ShaileshSaraf http://ift.tt/1XdYbvt