7-8-2009 trading continued the downward journey and nifty closed at 4481-105 points. FII data, F&O data, option writing shows that weakness is building up and it will take some more days to reverse the markets to bullishness. But as of now Global cues and SGX nifty are all showing positiveness. Hence, one may expect a +ve opening of our markets but.... tomorrow/ later we may see further fall to finally reach the oversold zones before markets swings to up side. I expect markets should touch nifty 4320-4220-4230 level support line before a big bounce. Before that all other rises are a part of game!...

Nifty levels : stop loss for the positions are previous day's levels.