13-7-2009 trading shows that markets might have reached the temporary support level and the support level of rising wedge on daily charts from nifty 4693 to 3930. Nifty closed at 3974-30.point after taking support at 3920. Also markets closed at high end of the day. Global cues are + ve. FII data in cash sold, in index future shorts, in stocks futures bought means balanced as of now. F & O nifty futures - 2.72 lakhs a small range of short covering. Option writings are more calls written.

Over all view: As the present market took support at nifty 3920 i.e., support level of the rising wedge and globally +ve signs are visible now it is expected that this +veness may be for 2 days and minimum rise will be up to 4120.