- US Markets closed lower with Nasdaq falling over 4%
- Asian markets trading lower
- SGX Nifty indicating negative opening with 80 points cut
- FIIs net sold worth Rs 3,361.80 crore while DIIs net bought worth Rs 3,077.24 crore
- Looking at OI 16,500 has significant call writing indicating resistance and 16,400 as immediate resistance
- 16,000 has significant put OI indicating support around these levels
- Bank Nifty immediate support around 34,000 if taken out can lead to further fall as no immediate support