29-9-09 trading shows that bullishness is unbelievable as markets faced resistance at 5000 zone but nifty closed above 5000 @5007 +48 points.

• Fii data bought in cash, index futures, stocks futures means bullishness.

• F &o data,, 5000 5100 5200 calls added more and put 5000 4900 added. @ 5000 more call buildup.

• Index futures – 2.1 lakhs stocks futures shorts cleared and longs added.

• Nifty 2 days swing up stop loss 4932. Nifty 4920-5020.Support 4980 – 4930-4900.

Overall view: As US markets bounced on previous day it was expected world markets will take support at current levels and the bull phase will continue but yesterday's night Dow closed in red. Asian markets are flat. SGX nifty is in +ve. But as the writings at 5100,5200 calls was increased the rise may not be strong. But FIIs are bullish. Hence, range is 50-50 from 5000 levels. In this situation one can take both call and put at 100 points distance.

But forgetting all technical view is negative only after nifty breaks support line @4830.Till then range bound trading.