3-11-09 trading continued the fall and nifty lost 149 points to close at 4563.

• FII sold in cash, sold in index futures (around 25 lakhs) and bought in stocks futures. (2nd day)
  
• F&O nifty futures added open interest.
  
• US markets flat and red.
• Global markets are flat.
  
• Option writings are showing bearish.
  
• SGX nifty is + ve as of now.
  
• Levels broken very easily.
  
• Next support is at 4400-4350.
  

Over all view: As seen from the open interest addition in nifty futures and FII O I shorts in index futures the market will fall further. Else, the heavy buying in nifty futures is to be observed on intraday basis before a confirmed rise. As of now it is continuation.... fall.....

Don't try to catch the falling knife.