5-8-2009 trading also disturbed the traders whether to short or long in the markets. Markets corrected very well but closed in green at the end. Nifty is at 4694+14 points. FII data, F&O data nifty future added 9 lakh shares, option writings are showing positive bias. SGX nifty is in red. Global cues are +ve except US markets which were in red yesterday.

Over all view: Technical indicators are still not at fully over bought. Hence there is room for further highs but as we are waiting for good correction over 200 points at a stretch market is not so to give at once. No view for swing reversal immediately, only intra day trading.