PRE MARKET REPORT, FEB 14, 2022

  • US Markets closed in deep red on Friday
  • Asian markets following US markets are trading in deep red
  • SGX Nifty indicating gap-down of of over 240 points
  • FIIs have made net buying of Rs 108.53 crore while DIIs have net sold Rs 696.90 crore
  • Markets will be volatile due to Russia-Ukraine standoff
  • Looking at OI 17,400/500 has huge call writing indicating a stiff resistance
  • 17,000/100/200 has strong put writing indicating support around these levels
  • Any big decline would follow once 17,100 gets broken
  • Looking at Bank Nifty OI 38,000 has huge put writing indicating strong support
  • If Bank Nifty starts to trade below 38,000 can result in further fall