It seems that market initially has not reacted to FOMC rate hike.
I think market to break low for following reasons
1. Huge outflow of FII
2. Crude touching 70
3. Political uncertenity will be highlighted once no confidence motion is defeated.
4. Govt. spending held up due to lack of funds as lower tax collection
5. bank problems continue
Technically market poised for negative cross overs of averages
These are my thoughts please share your views