Time to wait and watch?????

F&O Snapshot

Symbol	Exp.Dt	Close	Open Interest	Change	% Change
Nifty	25-12-08	3082.40	30,505,926	-3,252,400	-9.63
Nifty	29-01-09	3,101.30	13,706,500	3,517,000	34.52
Nifty	26-02-09	3,103.50	86,750	5,300	6.51

PCR 1.7

Nifty Options

SYM	OPT	EXP	STRIK	OP,HI,LO,CLS	CNTS.	OPENINT	C'O'INT
NIFTY	CE	25Dec08	3,100.0	44.0,59.35,30.0,42.9	252,303	3,215,400	-19,700
NIFTY	PE	25Dec08	3,000.0	38.0,44.4,19.05,25.2	164,296	3,703,300	145,300
NIFTY	PE	25Dec08	3,100.0	75.0,93.0,44.5,61.35	136,811	1,937,150	344,150
NIFTY	CE	25Dec08	3,200.0	18.3,19.5,9.15,13.3	125,353	3,125,000	714,550
NIFTY	PE	25Dec08	2,900.0	16.0,19.0,6.2,7.7	112,413	4,707,250	470,800