settlement over

Yesterday's settlement day trading was very well with a rise of 23 points nifty 2786. Very good signals from put 2700 writings in the march series. We may expect a little bit rise in the markets so that the huge open interest in 2700 puts will come down.That is an indication for market reversals to down side.  Stochastic is started rising means markets may go up. Very less call writings than puts. One may wait for stochastic to go to over bought zone to take puts. 

Nifty support 2730-2677 and resistance 2817-2880.