Pre-market action: Here's the trade setup for today's session

economictimes.indiatimes.com:

market remained under pressure due to apprehensions regarding inflated valuations.

In today's trade, markets will likely react to India's retail inflation data, which eased marginally to 5.09% on an annual basis in February.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS

• Tech View: Nifty has formed a Doji candle on its daily chart which indicates indecisiveness prevailing in the marketplace at the current juncture. Support for Nifty is now seen at 22,250-300 and 22,000 levels. On the higher side, immediate resistance for Nifty is at 22,500-525 levels and the next resistance is at 22,700 mark.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2.55% to settle at 13.64 levels.

Stocks in F&O ban today

1) ZEE

2) ABFRL

3) Manappuram

4) MGL

5) SAIL

6) Tata Chemicals

7) Hindustan Copper

8) Nalco

9) PEL

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit

FII/DII action
Foreign portfolio investors were net buyers at Rs 73 crore for the fifth straight day on Tuesday. DIIs too bought shares worth Rs 2,358 crore.

Rupee
The rupee consolidated in a narrow range and settled for the day 5 paise lower at 82.80 against the US dollar on Tuesday, as market participants remained on the sidelines ahead of the release of key macro data.

FII data
The net short of FIIs reduced from Rs 34,975 crore on Monday to Rs 30,301 crore on Tuesday.