W.e.f. 1st Nov, SEBI's new directive wants all brokers to ensure that clients keep 50% cash margin for all F&O trades.
This may be the reason for the sell-off since the middle of this month.
The second reason could be likely Paytm IPO wef 08 Nov which will suck out liquidity from the market.
Thirdly, FIIs are sold close to 2000 Crores every day for the past 5 days and thus we can expect that they are expecting a Fed rate hike.
The fourth reason is the expiry issues and thus Nifty 17400 remains an imp level and if not broken then today low will be the low for next month. If the market gaps up tomorrow we will see some recovery in the market and stock-specific action will continue.
Bank Nifty was the major culprit which led to falling in the Nifty as it contributes approx 40% to the Nifty weightage.
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