6-10-09 trading shows that the steep fall & rise implies that short term correction is over and further bull trend is on. Nifty closed at 5027 +24 points.

• US markets continued the bounce and the global cues are +ve.
  
• FII and DII all sold more than buys.(But market raised?).
  
• 5 day ema high = 5055 and low is 4968.
  
• Major support trend line is at 4870.
  

Over all view: As we see more selling in the F&O by FIIs there may not be steep rise immediately. this week may be an event based and balanced one. Wait for good opportunity or trade as per 5 ema high/low levels. Go long in nifty futures above 5055 and short below 4968.