The market has come off the day’s high. The important thing to note is put writing happening at 4,800 reports CNBC-TV18's Varinder Bansal.  As a result support is visible around 4,850. The discount is around 8-10 points with addition of 13.5 lakh shares. The turnover is decent enough at around Rs 8,500 crore on the Nifty.

Stock Specific Action:

The real estate pack – whether it’s Unitech or DLF – are witnessing shorts getting built in. Unitech is down nearly 3-4% and addition of nearly 38 lakh shares in open interest.

Indiabulls Real Estate, which has hit the most in the realty pack, the stock is down nearly 5% with a build-up of 5.5 lakh shares, which is 10% on a stock like this.

Educomp is one stock, which is looking weak for the last two days; the stock was down nearly 3% yesterday even the markets were roaring and the stock is down nearly 5% with a good build-up of nearly 4.5 lakh shares which is seen on Educomp. This stock should be watched out.

The last stock is Firstsource, on news based this stock was up yesterday but today we are seeing unwinding happening in the stock. The stock is down nearly 3% with a cut of nearly 10-12 lakh shares.