Unexpected...

Today markets opened flat and swallowed the option traders and finally settled in deep red. Previous day open interest data was useless and took dramatically to downward. Then what is the use of today's data? shorts were build up in nifty next month 9 lacks & for this month 3 lacks , calls were written more at 4100 level. As the Dow is trading -300 points, tomorrow our markets will have to fall further. Down levels can not be predicted at present. One may take in the money puts or short futures. After all it is financial tsunami covering the entire world. What happens to India's economy can not be predicted. See the seriousness in Gold trades. That is 837 dollars +60 dollars at present. ABRAKA DABRA TOMORROW