Here is a snippet of a research report from my broker: Kotak Securities
Nifty options concentration is seen at 5000 call and 4600 put options. Put options have seen significant build up in the recent past. Short covering in call options and buying in put options was seen for the third consecutive trading session.
Almost similar chart for UK take it down to taste the RED and it iis expected to close marginally RED or little deep red with negative news that UK might loose their AAA credit rating.. also the latest development of Sun/Oracle
Technology sector is going to under perform for some time I believe except for a selective few like Tech Mahindra , Satyam & HCL Tech.
Asia should open in RED after a -ve closing from US today, as they say to take a break but who knows this is just the tip of an iceberg and
sudoku bro's ship going to hit that sooner than later
I am watching for 4843 level and a close below that level on friday can take us back to 4500-4250 levels