17-8-2009 trading followed the china and lost ground. Nifty closed near to 50 day ema at 4388-192 points. Entire world markets felt the shock. Now, FII data huge selling in cash, little shorts in index futures and stocks futures, F&O data huge build up ie., 20 lakh addition with discount means shorts addition, option writings also huge writings in 4500 calls and even 4400 calls, and huge reduction in 4500 puts and little in 4400 puts but 4300 & 4200 puts were added. Now, DOW was weak, but Asian markets are flat to red. SGX nifty is + 15.

Over all view: As the huge addition in nifty future is worry some and huge call writings, all technical indicators are showing down side the present situation may lead to major fall.