16-10-09 trading continued the rally and closed at nifty 5142+33 points. Very good run up but not reached the expected target 5190-5220 immediately.

• FII data bought in cash but the F&O data of fii was not updated till now.
• F&O nifty future shed 5+ lakhs means further run away of shorts.
• Option writing: Heavy put writing and cover of calls.
• US markets Dow recovered from lows but closed below 10k.

Over all view: If nifty crosses 5200-5250 means super bullishness may be for this settlement itself. But we may anticipate a small correction before this run up in the next week. But down side is nifty 5050-5010. These are levels as per rising wedge. One time booking profit for calls at nifty 5200 zone. Expecting bullish moorath trading.

Happy Diwali and new trading year with all trading profits.