4-6-2009 trading made a +ve break out after forming double bottom at nifty 4450 and finally nifty closed at 4573 (+ 42) points and BSE sensex closed at magic figure of 15009.

F & O: nifty future added +10 lakhs, Option writings: puts were written more than calls, FII data: - ve with buying in cash market. More shorts in stock futures even in index futures today. DII sold in cash markets?. Global cues + ve. SGX nifty + ve. This week is 13 th +ve closing. Then what about next week? Which will triger for selling? We do not know as of now. From now on wards longs are dangerous... That's all..

Over all View: +ve for opening and later if markets could not cross 4650 then short and wait. Stop loss for shorts will be 50 points up side. Previous top for weekly closing is 4649.5. If FII short build up is for certain reason we may see a good correction in the next week.