30-9-09 trading shows that markets took a breakout and nifty closed at 5083. A good break out.

• FIIs bought in cash, stocks futures but sold in index futures.
• F&O nifty index sheds 2.5 lakhs (bearish).
• Option writings at 5000 put (15 lakhs) and reduction in 5100 calls (bullish).
• US markets were in red yesterday.
• Global cues are -ve.
• SGX nifty is in red.

Over all view: Still 50-50. Now sensex is at 17126. The range may be sensex 17450-17750. The doubt is whether the markets take big correction (20%) before crossing 18k or after. Bullishness may be one day? Let us wait and see.