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US Markets closed lower on Monday with Nasdaq closing deep in red
Asian markets mostly trading lower
SGX Nifty indicating lower start with 70 points cut
FIIs net sold shares worth Rs 3,438.76 crore while DIIs net bought shares worth Rs 2,051.18 crore
FIIs have been selling furiously over the last couple of months
Yday Bank Nifty opened +200 points and fell over 1400 points intraday
Key level to be watched is yesterday low of 17,280
PCR is at 0.67 now generally markets bounce back when its between 0.8 and 0.9 but now is at around 0.67 which is around Covid period
Looking at OI Nifty should take support around 17,200/300 levels for not but need to see how markets react