Some factors that will decide stock action on 17th March (Tuesday)

1.RBI governor Shaktikanta Das said today, that all options were on the table to counter the coronavirus blow. RBI was expected to cut interest rate in an emergency move to help shore up Indian economy amid the rapidly escalating global coronavirus pandemic.

2.Brent and US crude fell below $30 on Monday as emergency rate cuts by the Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged.

3.S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading today as investors panicked about the mounting damage from the coronavirus pandemic on the global economy.

4.European shares plummeted to 2012 lows today as the coronavirus pandemic raged through Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage.

5.On the options front, maximum Call open interest was at 12,000 and then 10,000 levels while maximum Put open interest was at 9,000 and then 9,500 levels showing strong bearish trend all over

6.Today Nifty fell to sub-9,200 level, as selling re-emerged following Friday's rebound. In the process, the index formed a Marubozu pattern on the daily chart, signalling complete dominance of the bears. As the NSE saw wild swings on an intraday basis, experts feel that the 50-pack index is likely to trade in a wide range of 700 points in the coming days.