Premarket View - 20.01.2011

Option reading index (-) 10.74 (-5.95) rise from last trading figure of (-) 3.60 suggests strong buying interest. This is again very very high exceeding  23 Nov, Dec 6,7 &  9 and Jan 11 figures of  (-) 4.03, (-) 4.22, (-) 4.39, (-) 4.74 & (-) 5.05 respectively. Only thing i can say is this is associated with high buying support but in the current downtrend, how far the buying will come...remains to be seen. Conclusion: Trade with Caution.