Market Update - 30.09.2011

01.33pm ===
ALL ADAG STOCKS FALLING HEAVY LED BY RCAP DOWN 11%..RCOM DOWN..8% ON FRESH RUMOURS THAT ANIL AMBANI MIGHT BE TRAPPED IN 2G SCAM

12.36pm ===
SELLING SEEN IN NIFTY 4900 PUTS AND 5100 CALLS. NO SIGNIFICANT POSITION SEEN @ 5000 LEVEL. THERE IS FIGHT @ 5000. LEVEL OF 5030 WILL ACT AS HURDLE AND LOWER SIDE 4970 WILL ACT AS SUPPORT. BREAKING OF THIS RANGE WILL DECIDE FURTHER MOVE OF THE MARKET.

SO FIGHT FOR 5000 IS ON ...WATCH THE JOY RIDE.