Today, the Indian Stock markets could not find any support. The markets were down by nearly 10% and NSE Nifty touched a low of 5107. The markets were closed for one hour. As 51% of FII investment was through P-Notes, it was very obvious for the markets to witness a downfall.

After the crash markets witnessed today, the stock market analysts suggest small investors to stay away from markets for next few days. Finance Minister has issued a statement regarding the market crash and has said that aim of market regulator is to keep markets safe. Stock markets have seen very quick rise in recent two months and valuations seem to be over-stretched.

Continued buying interest in key stocks, firm worldwide cues and upbeat results of the companies led the Sensex to achieve a new peak of 19,095.75.

On this technical analyst, Vishwas Agarwal, said, “Ultimately our long awaited 5,678 was acheived today on NSE. Here I will take some rest, but there is a lot of opportunity for traders and also there are options in some stocks.”

As per views of Technical Analysts, Ranbaxy Labs is looking very fairly valued at current market price. The stock ended at 433.10 levels on Friday, down by Rs 9.20 or 2.08%.

Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.