carry over positions??

21-4-2009 trading shows that against to the global cues our markets rised very well (though opened in red). But, at higher levels selling was seen because of  profit booking and carry over of f & o positions to the next month. Finally nifty closed at 3365 -12 points.

F & O data: more calls were written, good role over in nifty futures, premium of May future than April, square off of shorts by FIIs and  a small range of cash selling. 

Global cues: positive as Dow is in +. Asian markets are little positive.

Events: Reliance results are after two trading days.... wait and watch... (Still time is there to buy calls???)

Levels: Nifty go long above 3390 and go short below 3320. 

Markets earlier touched the 10 day ema line and gone up. This time this line is at 3309. If nifty breaks this level nifty comes to 3150.