settlement....moves...

Previous day's trading shows that markets have taken a pause of two days and continued to drift down further.  This may say that the fall will be further aggravated and creates lower settlement closings for this series. Also nifty 2700 calls for Feb. added 15 lacks open interest, means markets have to close below 2700 for this month. Three days are enough to create a new low. Many important stocks are at new lows means support levels for market are broken.

Counter view if any huge movement takes place in 2700 calls it may lead to huge profit to call buyers, stochastic is at over sold zone.  But this may not happens as global cues are also shows downward signals.