19-8-2009 trading shows that our markets are also corrects now it self before reaching 5000 zone. As the China Markets cues are bearish our markets were felt the same. Nifty closed at 4394-64. FII data is selling in cash, a little selling in index futures but buying in stocks futures. F&O nifty futures added 5 lakhs in Aug series and 12.8 lakhs in Sep series. Option writings 4500 & 4400 calls and 4300 and 4200 puts were added. Huge build up in 4300 put shows markets may at least take support at 4250 range. Now US markets were traded from red to green. Global markets are flat to green. SGX nifty is +30 now.

Over all view: As the markets are at most felt support zone of nifty 4350, one can go long here with stop loss 4350 as more support from our operators is expected here.