21-5-2009 trading shows that markets faced profit booking by FIIs. Nifty closed at 4211 - 59 points. FII data, F & O data, Global cues are - ve. As expected option premiums were further reduced. Under current of the market is bullish. A little bit fall may be for today. Next week may be bullish.
Nifty levels: 4167-4110 down side.Pivot : s1= 4123 s2= 4167 p= 4243 r1= 4287 r2=4363
We may get a chance for buying calls at lower levels in the evening having bullish view for the next week.
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