This is a Capital Mind Premium subscriber post, sent on 30 May 2014.

Be Careful. Option trading is largely focussed on the Nifty. The Nifty has suddenly turned volatile, from +75 points in the morning to about -30 points right now. There seems to be a break down in the short term, with the 6700 level a key support that is being tested. (In the hourly chart below)

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