27-5-2009 trading shows that against to the FII trading the markets reversed and rise heavily to close nifty at 4276 +159 points. (short covering). FII data is showing more buying than selling for the day. F & O data a little bit positive. Option writing shows that more calls were unwinding. Global cues are - ve now.

Today's view: Though markets rise very high yesterday today' s closing may be at nifty 4200 - 4300. Intra day trading is to be observed.
Nifty levels for the day :
s2=4055 s1= 4165 p= 4226 r1= 4336 r2=4397

But, as the news of filing of bankruptcy by GM in US is imminent the Dow may come down in the coming week. Means, global cues for the next week will be weak????