13-8-2009 trading as expected took huge jump and due to short covering markets closed at 4604+147 points. FII data in cash and futures bullish, F&O data deletion of -14.6 lakh in nifty futures is bullish but the nifty futures should add substantially on Friday for further bullishness. Global cues are +ve. SGX nifty is +ve.

Over all view: As seen from chart of nifty with fan lines, nifty took support on 50% line (above 50 day ema line) and goes up. The upper level target is 4900 zone may be with in a week. Every one is eager to see the break out of previous high 4730 zone for further bullishness. But I feel this level will be broken on Friday/Monday. Wait with longs up to 4880.