The entire Trump Rally that started with Nasdaq & S&P hitting new highs is finished. 
1) The indices are back to the levels that they were on Nov 6 post election results.
2) The US market has been far too overvalued for far too long. This will taper down. 
3) Also the dollar index at 110 doesnt make any sense now. 
4) From here the emerging markets might be able to make a comeback if dollar index cools down a bit.
5) Our markets are down -11.5% from the top. Its been a severe correction. 
6) Our currency in the same time has gone below 86 now. If it weakens further the incentive for FII to put in money keeps going down.
#nifty #stockmarketcrash #Dollar