Nifty Crash Update & Reasons Behind Indian Markets Crashing

- Nifty is currently trading at 23,964
- This chart is inverted to understand the bearish bias on a larger timeframe
- Nifty has already topped out, IMO and we will only see Nifty retracing larger and pumping small
- Nifty's point of release was from the zone of 25,214 and the market structure shift to bearish was around 24,753
- We can soon see a pullback towards the upside raiding and grabbing more liquidity and falling further down
- I find Bank Nifty to be strong when compared to Nifty
- Reasons Behind Indian Indices and Nifty Falling

1) FPI Outflows: Heavy Selling by foreign investors reallocating funds to other emerging markets like China, has reduced liquidity and intensified selling pressure.
2) SEBI Derivatives Regulation
3) Market Downgrade
4) Rising Crude Oil Prices
5) Technical Weakness