21-10-2009 trading shows that nifty corrected further and closed at 5064-50.

• FII sold in cash, index and stocks futures.
  
• F&O data nifty futures sheds open interest further.
  
• Options writings shows more calls written and puts sheds.
  
• US markets rose to new highs but closed in red.
  
• Global markets are in red.
• SGX nifty lost its overnight green and now in red.
  
• Nifty supports may be 5030-4980 and 20 day ema =5022.
  
• Nifty closed below 5 day ema 5095.
  

Over all view: As it is observed from FII short positions buildup in stocks futures through out the series one may feel that this settlement may in below to previous one i.e., 4983. But, if there is any continuation of bull run, nifty has to corrects for one or two days and bounces up into next week for bullish settlement closing. Wait for one more day for confirmation. But now following the 5 day charts one may trade to downside.