8-7-09 trading shows that the neck line of h & s decisively broken and nifty closed at 4079 -123. FII data(shorts in index futures but bought in stocks futures), F&O data, option writing all are showing negativity. FII sold in cash. Global cues are not strongly + ve. Dow in green overnight and green for the next trading also. SGX nifty is just + ve.

Over all view: daily, hourly, 30 minute charts indicators are all require 1 to 1 and half day's down for fully over sold and reverses. Down ward support levels are 3980-3950-3930 and bounces up to 4130 only. Markets may rise based on the event G-8 summit statements/Infosys results.