NSE closes @3643 down 78 points (2.09%). I still keep my call that if this thing slides below 3600, all the fast trade setups are off the table. I had expected it to bounce at 3680.
Big losers today were Unga (9.41%), NIC (8.67%), REA (8%) and Olympia (7.06%). I had put NIC on my buy list, but the breakdown from 37s to the 34s is just crazy...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!