12-6-2009 trading shows that markets faced resistance at 52 week high and 4693. Nifty closed at 4583 (-54) points.  

FII data is positive, F & O data is not positive  but may not fully negative . Option writing shows markets may be range bound for 2 - 3 days.

Over all view: wait for a good correction in these two days and try to buy 4700 calls at lower levels for big jump in index beyond 4700 and may be up to 4880 in this settlement.