Trend to continue...

Bulls dominated the market in a big way with the clearance of the NSG deal for India and markets were closed at Nifty 4482. (But the last one hour trading is a little bit worrying).  FII data is +ve. Option writing shows that markets may take support (puts 4400 9.2 lacks, 4500 6.4 lacks & calls 4600 7.3 lacks, 4700 2.9 lacks ).  Nifty  September future open interest increase is just 29500. This point along with the Reliance stock position shows doubt about the run up of markets. Otherwise Nifty may touch 4915 after crossing 4650. One may exit longs at 4600-4650 and enter latter which may give huge profits as our targets for nifty is up to 4915.