The Morning After Dow’s Plunge.

Readers should be aware that short selling is banned in 975 financial stocks in the USA. Yet, the Dow fell by record percentages (so did the S&P and Nasdaq). Then, who was selling ? The nswer is obvious: markets decline when investors / holders of stocks decide to sell while there are few people left to buy. Short selling is a convenient scapegoat.
It seems fair to say that the Nifty will open today, below 3800 support. Below 3800, there is no technical support till 2000. I am not suggesting that the Nifty will fall to 2000. It should not, and will not. My point is: now the market will have to determine its support levels on its own. It can stop wherever it wants.
This is not a good time to trade. Wait for stability, for volatility to come down. Support must emerge.