High level profit booking in the last week kept markets under pressure. Selective buying in the beaten down stocks were seen but the March F&O expiry and holidays in this week kept investors away from taking long positions. The Indian markets may remain closed on Thursday and Friday on account of Mahavir Jayanti and Good Friday.

Nifty lost support levels at 8710 (50 Day moving average) and 8525 (100 day moving average) and is likely to remain subdued this week due to banking and exchange holidays. Nifty has immediate support at 8300 and 8162 (200 day moving average).
For February, Indian market investment through Participatory notes (P-notes) rose to a highest level in seven years at Rs 2.72 lakh crore ($ 43.6 billion).