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1000 Points wiped off in a week (3rd Oct 2024)


1. Today was one of the worst day for the markets.
2. Markets opened with a gap down recovered a bit and have been going down all the day.
3. Expiry related issues have also contributed to this fall.
4. Many option sellers might have sold puts and must have been trapped heavily.
5. This led to a non stop selling today.
6. FII's have sold 15000 cr today.
7. This week FII's have sold more than 30,000cr today.
8. This is the highest sell figure by FII in last 1 year.
9. There are various reasons which have contributed to this fall.
10. Firstly is the Israel - Iran war.
11. Secondly,  the SEBI regulations.
12. Everything led to a steep fall today.
13. Volatility is too much now and is uncontrollable.
14. Markets are moving all over the places.
15. Now the next support is at 25000.
16. I sense markets should stabilize from here as other markets have not fallen this much 
17. Valuation concerns,  over leverage have also contributed to this 
18. Unless we cross today's high of 25650 view is sell on rise market.

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