24-8-2009 trading shows that markets opened gap up and continued to close at nifty 4643+114 points. FII data more buys, F&O data long side buildup , more put option writing are showing bullishness and it will continue further. Though there may be some pressure during the days of settlement closing markets will rise well. Huge put 4500-4600 writing shows that settlement closing will be above 4600 and below 4700.

Global cues are that Dow rise was arrested and Asian markets are flat to red. SGX nifty is +ve as of now.

Over all view: If for the sake of settlement markets comes below 4600 buy calls of next month. We can expect bullishness in the first week of next month series.