Great Bear Trap......

F&O Snap Shot

SYMBOL	EXDATE	CLOSE	CONTS.	OPENINT	C'O'INT	C'O'INT (%)
NIFTY	25-Dec-2008	3,076.35	917,820	33,758,326	-3,259,250	-8.8
NIFTY	29-Jan-2009	3,090.25	149,240	10,189,500	4,114,950	67.74
NIFTY	26-Feb-2009	3,095.15	689	81,450	4,900	6.4

Some technical levels

SMA-7:2972.54 SMA-13:2853.18 SMA-26:2810.42 SMA-50:2967.42 SMA-200:4167.15
EMA-12:2908.73 EMA-26:2898.33 EMA-50:3072.15 EMA-200:3780.76

Today bulls not only defended the support levels but nullified the yesterday's loss.