Looks like short term correction is done in Broad market
Here are the charts of Nifty 500, Midcap and Smallcap Indices
The Nifty 500 has gone into sideway consolidation from 23 june and now reached the lower boundary of the channel
Midcap has formed a downward sloping channel unlike NIfty 500 which is sideways. The lower boundary can act as the support for the index. so there is a case for bounce or reversal from here
The Price in small cap has the similar pattern. Intrestingly this index broke the lower line intraday and is trying to get back into the channel
The Channel lines should be held for the price to sustain and move higher. Any break below these lines may intensify the selling