Thanks for your inputs.
My observation:
There are around 1000 hedge funds sitting in India and none of them are Indians
Interpretation:
These are those people sitting all over globe and they are the market movers.I believe that the option writers(big players) are the smartest people, so they factor all the fundamentals, Geo politics,technical and all other parameters and they accordingly play the writing, so if you follow behind the big fish you are always on the right direction, so closely watching option writers will give us a great probability of success.
Prediction
Nifty Feb 2010 should expire between 4800 - 4900, lets see
-Talon