23-9-2009 trading closed with a jerk to bulls (as expected one time before close of the settlement) and nifty faced the resistance 5030 closed at 4970 -50 points.

• FII data huge buying in cash, selling in stocks and index futures.
  
• F&O nifty oi added 6 lakhs.
  
• Option writings -21 lakhs in 5000 puts and +2.4 lakhs in 5000 calls.
  
• US markets rised and closed in red by loosing 81 points.(Bullish breakout of resistance was weeded out).
  
• Global cues are red.
• SGX nifty is in red.
  

Over all view: today is settlement day and nifty may close between 4900-5000. Rising wedge breakout will be 4820. But parabolic SAR is at 4910. Lower support levels will be 4800-4530-4140(may not anticipate at present situation).

• As per news papers reports World bank is providing loan of $2 Billion to public sector banks (Bullish view from these levels).
  
• Banks are encouraging short term loans as having huge liquidity.
  
• FM statement says-" The Government is keen on continuing with the low-interest rate regime till the signs of global economic recovery become stronger".
  

As is evident from huge buying from fii in cash market (steep increase) and with the other news it is anticipated that the present levels may not be top one and even after some correction we may see higher levels in immediate future. Long term bullish view expecting a new high with in six months.