9-7-2009 trading was like consolidating the positions at the level after a fall of 100 points. It was a flat closing day means the positions in F & O might be reversed to make a big swing once again. But now the event is Infosys results. Bulls active only after nifty crosses 4165. Till then shorts are valid. But the point of feeling is whether the markets will fall continuously now or take a pause and a small up swing before a big fall.

FII data sold in cash, but a small buying in index/stocks futures.F&O data nifty future is -8.3 lakhs means shorts cleared???? options writing is a little bit downward bias. Global cues are not +ve. SGX nifty is - ve now.

Over all view: Event along with week closing will lead to some big swing today but it is based on the swing given by Infosys results.