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29 June, 2009

26-6-2009 trading shows that the first day closing shows a bullish view in the market by closing nifty above 4350 ie., 4375+133 points. FII data is + ve in index futures and - ve in stocks futures. F & O data is + ve  and option writing is +ve by writing more puts at 4300-4200 range.
Global cues are flat. SGX nifty is flat. 

Over all view: Being the preceding week of budget sudden movements may be expected as there may be some news/views about budget.  As role overs in F&O are minimum the bulls are not strong and may be at wait&watch policy.  +/- 100 points swing in nifty may be expected in this week. 

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