- US Markets closed marginally lower after sharp-sell off
- Asian markets trading lower
- SGX Nifty indicating gap-up start with 100 points gain
- FIIs have made a net selling of Rs 4,253.70 crore while DIIs have net bought Rs 2,170.29 crore
- Nifty might trade between 16,800 to 17,100 till any good news or bad news from Russia-Ukraine crisis
- Nifty closed exactly around 200 DMA of 16,840
- Looking at 17,100/200/300 has highest call option OI indicating stiff resistance around this zone
- 16,800/700/500 has highest put option OI indicating some support around this zone
- Yesterday low of 16,809 is key level to watch from here on for any further fall