It was an expiry almost controlled by bears and was exactly confined between the levels of 4932 and 4826 indicated in yesterday.
Though the close was higher at 4867, in the battle between 4900 calls and puts, it was decisively the bears that won the battle in the end.
The most crucial support level of 4807 was left untouched yesterday and that points to more weakness setting in, in the short term.
The 200 DMA on extrapolation will be at 4700 levels in another two weeks and markets could also remain within 4700 and 4950 levels in the short term.
Resistance levels : 4903, 4932, 4953
Support levels : 4848, 4825, 4807
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