Sunday, 23 August 2015

3 reasons why the nifty crashed today

Nifty plunges more than 300 points that is allmost 4 percent and it can be said that this is one of the biggest fall in this year.

Main reason for nifty metdown are rupee hits 66.49 against US Dollor tracking lower asian market.
China stocks in morning freefall as pension rules fail to inspire.
Brent and U.S. crudeoil future hits six and half year lows.




If nifty closes below 7940 then it can take support on 7800 .

Now we will can start in Long position for target of 8200.

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