2-7-2009 trading shows that the eco survey created big swing in market. Nifty closed in flat at 4349 + 8.  FII data is + ve in cash, just flat in F & O, open interest in nifty future is - ve means shorts gone out of the system.  Option writings are balanced. 

Global cues are -- ve and SGX nifty is in red now.  As every one derives + ve views from the eco survey and the clearance of some shorts from the system shows markets are poised for a big rally linked with the budget reports. But as it is seen from very - ve global cues our markets may open in red and gets preparation for a big jump on Monday.

Nifty levels below 4280 down and above 4350 up.