surprisingly, the FII fig is a positive 568 cr in the equity market. So was it a panic attack that caused the sell off. stocks with high expectations from the budget sold off the most. NIIT was down 17% today and most liquid counters saw blood. Greed bought us to 4700 and can fear take us to 3800 levels. The projected fiscial deficit is 6.8% and there is a fear of down grading by most rating agencies. Budget was not so bad that warranted a 350 points fall from the high of the day. I seriously cant figure out where the selling came from. Unless its a major change of sentiments and the subsequent end of the rally, markets shouldnt fall much from here. It appears like the golden opportunity to build a portfolio but so far people who are buying the dips are paying through their noses. Nifty falls another 200 points and we will see people talking about a resumption of the bear market. Market is fueled by sentiments and it looks a scary B grade horror movie now.