Rescue efforts

Yesterday, against to the expectations markets were not fallen to -5 or -10 % but the little fall was cleared because of the rescue efforts by statement of FM and SEBI, Fin Ministry statements.  Markets closed again in green nifty at 3921  (+71).  The heavy weights open interests in Futures was having bullish additions.  This will result to the Bullish nature to our markets at least one day or one and half day. Global cues are +ve.  At present, calls are good for intra day trades (Buy and sell 4300 calls on intra day basis) & check for crossing of nifty 4072-4150 levels.  Heavy 3700 put addition (11 lakhs), 4000 call addition (3.7 lakhs) shows that markets may take support at 3600 levels , resistance at 4150 levels.  Let us check for any reversal indications on intra day basis day after tomorrow. 

How many days are the strength of our FM, SEBI statements???.  LIBOR rate peak levels are effecting our companies foreign currency loan.  This will result in long term erosion of profits of our markets.  Fundamentally there is no chance of recovery.  It is sure of breaking of 3700 levels.  Only it is all for time bargaining?.   Let us accumulate 3900 puts at cheaper rates for next weeks trades.