28-7-2009 trading shows that the selling pressure is being absorbed to keep the markets at a high and to pull up further as a time bound target. Nifty closed at flat 4564-8 points. Fii data, f&o data, option writing shows that markets won't fall now, though the technical indicators are at over bought levels.

Over all view: If nifty crosses 4600 fully bullish targeting 5200 in the next month. And if nifty brakes the 4450 level then only weakness. But advantage bulls.