22-10-09 trading shows that the nifty breaks the long term trend line and closed at 4988.6 -75 points.

• FII data sold every where.
• F&O data shows more call writing at 5000 call and put shedding.
• Nifty future role over to next month around 9 lakhs.
  

Over all view: as seen from the breakout of the trend line and FII huge shorting in index futures and consistent shorts build up in stocks futures it may be expected that there may be continuous fall of markets for this settlement. Else the signal of reversal by the big groups to long has to be observed. Target for the nifty first level will be 4580. If there are no signs of F&O buying with volumes intraday tomorrow the above expectation will be a success.

Morning update: US markets recovered and closed remarkably well and global markets along with SGX nifty is in positive. Hence, we may expect a good opening. But, wait for buying confirmation with volumes in F&O.