further bullish???

9-4-2009 trading shows that the markets are opened high and closed at flat. Nifty is at 3342 - 1. FII data, F &O writing are still showing bullishness and the steam is still exists. Dow is + ve. Global cues are all + ve. As we are nearing the 200 day average level 3450 markets may take a pause at this level coincided with Infosys results on 15 th April. First phase elections are on 16 th April. We may expect a range bound movement of markets at these levels for three days. One may book profits in the longs and wait for the further trend to follow after 16 th April.