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12 August, 2009

11-8-2009 trading shows weak opening, taking support at 4400 and a rally up to 4510, but before closing a big correction and finally closed at 4471 in green. FII sold in cash, balanced in index futures, bought in stocks futures, F&O nifty sheds oi, option writings 4300-4400 puts, 4500-4600 calls were added. Global cues weak, SGX nifty is in red.

Over all view: Let us see weather markets takes support at 4320-4280 and bounce back. If 4280 broken then entire view will be bearish.

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