- 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