New posts could not be written because of ill health. And now I am continuing the blog posts.

As seen from the previous day's trading the markets are just passing on the time. Operators target is just absorbing of option premium. Nifty traded a little bit downwards and nifty closed at 4808-21 points. FII data sold small range in cash, sold in index futures and bought in stocks futures. US markets are +ve. Global cues are +ve. SGX nifty is flat to - ve as of now. Technical indicators are just downing from over bought zone.

Over all view: The breakout of nifty 4730 could not sustain above 4880 and from there markets are drifting downwards. It is expected that nifty may test the 4730 again and take upward journey once again for closing the settlement around 4900 zone.

Alert : Activity is seen in October options 5200-5300 calls and 4400-4500 puts. Hence, markets will make journey to both the levels in the next month.