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.

Technical Analysts Ashwani Gujral, Rajat K Bose, Prakash Gaba and Vijay Bhambwani had no calls for the day. The suggestion for small traders is to stay away from markets till the time situation becomes stable.

Reliance, Reliance Energy, Ranbaxy, SAIL, SBI and many other stocks were down by more than 5 percent. There was only one stock, Satyam Computers which was holding strong in today’s market.