7-7-2009 trading shows that markets took a pause after big fall. Nifty is at 4202 +36. Now, FII data, F&O data, option writings are + ve. But the global cues are - ve. SGX nifty is - ve. Today the neck line of h & s is to be broken means severe fall in future. So, the situation is confused whether markets fall continuously or take a little pause to reverse the positions of FII s from long to short.

Over all view is short and wait with a stop loss is 4200.