Nifty made another new low for the year, and yes, more downside is expected.

i was expecting a global sell off today, which was saved by big fall in crude prices.

today keep an eye on 3866 for nifty fut. if it trades above it, nifty can see some shortcovering.

however if it is not able to cross this level, nifty might target 3737-3702.

next support is at 3655, and yes nifty will go there, so in comming few days, every rise will be shorted .