15-10-09 trading shows that the nifty faced resistance at 5152 and corrected to 5077, but took support at this level and nifty closed at 5109-9 points.

• FII bought in cash, sold in index and stocks futures.
• F&O data nifty future sheds -4.8 lakhs.
• Option writings more put writing than calls.
• US markets are positive. Global markets are +ve but flat.
• SGX nifty +ve.

Over all view: In the run up markets faced resistance at 5152 and corrected to 70 points but raised and closed flat. Means that the correction to the run up is over. But as seen from FII additions in stocks futures on sell side it is expected that the markets will have to come down from this levels either now it self or after some days. The nifty futures is not showing any addition of open interest to up side. This is a worrying factor for bulls. But the addition of option puts on down side gives support to the markets from major down fall.

Hold calls above nifty 5050 for a target 5220-5310. If nifty breaks 5050 buy puts but stop loss for puts will be 5050 only.