The major indices ended the day down over 1.5 percent for the day which also saw the option expiry. The markets have a way of making the technicals come true sooner or later and this fall is in line with the general technical trend of the past few sessions.
The 30-share BSE index Sensex was down 290.87 points (1.52 per cent) at 18,861.54 and the 50-share NSE index Nifty was down 103.85 points (1.79 per cent)at 5,693.05.
We can try find reasons for what a market does but honestly it is plain speculation, the charts speak for themselves. Hopefully you took the Nifty straddle suggested, that has given a fairly decent return over 2 days.
The market has weakened quite a bit and we should see further fall in the days to come. Watch out for some more trading ideas over the coming days.
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