- US Markets closed lower on Tuesday
- Asian markets trading higher in the early trades
- SGX Nifty indicating flat start
- FIIs net sold shares worth Rs 8,142.60 crore while DIIs bought shares worth Rs 6,489.59 crore
- FII selling remains the biggest risk to Index rallies
- Ukraine says no longer interested in NATO membership
- Dollar Index stable around 99 for 2 days now
- Brent crude remains elevated around $130/bbl
- Market extremely oversold, some more bounce possible
- Bear market rallies can be powerful and sharp
- Yesterday’s low of 15,671 needs to be tracked closely
- Options data suggests test of 16,200 possible on Nifty
- Options data suggests test of 33,600 possible on Bank Nifty