Amar Ambani, Head of Research, IIFL said, “Just when we thought that the rising intermediate trend is here to stay, markets once again witnessed some selling pressure. Traders and investors preferred to stay on the sidelines or book some profits ahead of the Fed Meet, which is scheduled to be held this Wednesday and Thursday. Drop in cash volumes; dip in delivery volumes and no real signs of any short covering so far have kept the traders on tenterhooks.”