9-10-09 trading shows that the news Infosys or Reliance won't boost up the markets. Nifty closed at 4945 - 57 points.

• FII data sold in Cash, index futures and stocks futures and building the shorts in stocks futures strongly mean markets will fall from this level.
  
• F&O nifty futures open interest added further means shorts.
  
• Options writings shows more call writing at 5000 level and this should become less than Rs 30/- before a reversal in the markets.
• US markets are in bull stream.
  
• Global markets may be in flat to bullish.
  

Over all view: As seen from FII short positions in stocks futures and fresh shorts in index futures at long term support levels of nifty 4930 zone the lower levels will be far below. Even if markets show some strength at the time of opening on Monday this won't stay for ever. Market has to break the levels and retrace to 4600 levels before a rise.

• The target for the break of rising wedge from 3920 to 5080 and to break 4930 will be up to the 3780 zone.
• Fibonacci retracement level of 61.8%  from 2539 to 5110 matches to 3534. 
• Time zone may be 2 and 1/2 months. But, will the market stay or slide further ? depends up on the RBI money pull back policy.

5 ema (high) =5048        5 ema (low)=4958.  Markets closed below 5 day ema(low). Hence, until the markets close above this 4958 longs can be avoided.

Stop loss for the downward journey is breaking the 5100 levels with speed in the next week.