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22 September, 2009

18-9-2009 trading was range bound with further unwinding of September series and carry over to next month. Nifty traded weak and closed in little green. Nifty is at 4976+10 points.
  • FIIs huge buying in cash, selling in index and stocks futures,
  • F&O nifty futures over all reduction of OI -6 lakhs means no further rise in this series.
  • Option writings shows more put writings further.
  • US markets are -ve,
  • Global cues -ve to flat.
  • SGX nifty is -ve.
Over all view: Markets may be in the range bound trades for the settlement. Nifty bullish above 5030 bearish below 4930.But as it is expected continuation of bullishness for the next settlement one can plan for call buying on the settlement day.

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