1-9-2009 trading shows that though the markets tried to break the resistance barrier of 4730 could not make it for closing, loosing its steam nifty closed at 4625-37 points.

• FII sold in cash, bought in index futures, sold in stocks futures.
  
• F&O nifty futures added 22.8 lakhs (very heavy?). (Bloom berg data is showing that these additions are by buy orders?)
  
• Options-- huge 4700,4800 calls writing and some 4600 calls writing but huge build up of 4600 puts and good 4700 puts writing too.
• US markets are started drifting.
  
• Global markets are in red.
  
• SGX nifty is in red.
  
• Technical indicators continued the downward journey.

Over all view: As felt the steam for bullishness was not build up at 4730 zone but drifted down with speed. International markets pressures were build up now. Heavy build up in nifty futures was seen with huge addition. Though the heavy put writing over 40 lakhs at 4600 feels support to markets at these levels, if we read linked with nifty futures build up this is all may be for a big fall. Aberration to this is FIIs were still long in index futures. One thing is sure markets will take drastic move from these levels in either direction.
Markets may break 4580 today.