11-11-09 trading continued the run and nifty closed at 5004+123 points.

• FII data more buys in cash, index futures and stocks futures (a continuous one for this month).
• F&O nifty future added further.
• Option writings: huge addition in put options means very strong bullishness and shedding in call options.
• US markets are Green to flat.
• Global cues are Green to flat.
• SGX nifty is green to flat.
• Technical indicators are bullish.
• Resistance for nifty as per hourly chart is 5045.

Over all view: As seen from the speed in rise and very huge writings in puts markets are having very high level targets. But, before making a new high market has to get corrected and that may be within two days to four days. But, the upper levels are intact.