Indian markets are showing signs of panic. A 300 point gap down opening is seen on Nifty as Prime Minister Narendra Modi's surgical strike on black money will send ripples throughout the economy drastically reducing liquidity. Mr. Prime Minister declared that Rs.500 and Rs.1000 notes are banned which will hit liquidity and market sentiments. Nifty has support at 8200 but a dual shock of Mr. PM's action against the black money coupled with Donald Trump leading US presidential elections can keep Nifty going in the same direction and possibility of testing 8000 can become a reality. Bank Nifty and Small cap can see a fall between 3-6 % if Trump wins the Presidency. Markets are expected to be volatile as news keeps flowing in.Nifty Futures is expected to open at 8264 as per SGX Nifty at 8:30 am IST, which is 300 points below its previous close of 8564.