Market Update - 29.09.2011

1.46PM --- OPTION UPDATE : HEAVY SHORT SEEN IN 4900 PUT & 5000 CALL. IT MEANS THAT EXPIRY WILL BE BELOW 5000.

1.44PM --- GERMANY VOTING TIME EXTENDED TO 4PM, SO NOW EXPIRY WILL BE TENSION FREE.

12.00PM --- TODAY IS A DAY WHEN GERMANY WILL VOTE FOR EUROPEAN BAILOUT PACKAGE BY 2-30PM AND ALSO LAST DAY OF EXPIRY. TRADING FROM 2-30--TO---3-30 WILL FULLY DEPEND UPON THE EVENT. NIFTY FUTURE RANGE 4880-4950.............

4880 IS THE LAST SUPPORT & 4950 IS THE FIRST HURDLE. BREAKOUT FROM THIS RANGE WILL DECIDE MOVEMENT OF THE MARKET TODAY.