9-11-09 trading shows that the range of 4600-6900 is to be broken on upper side as predicted because of continuous long buildup by FIIs in stocks futures. Nifty closed at 4898+102 points.

• FII data more buys in cash, index futures and stocks futures (continuous for this month).
• F&O nifty futures added o i.
• All technical indicators are clearly upward. Yet nifty has to cross bearish retracement levels @4930.
• Option writings also shows bullishness by writing more puts than calls.
• US markets took huge jump by closing above 10200 mark.
• Global cues are +ve.
• SGX nifty +ve.

Over all view: Now the market is at 4930 resistance zone that is to be passed clearly. But, as seen from FII build up in F&O this resistance can be passes very easily. Then one can expect new high in this month with intermediate corrections. As of now no down side expectation beyond 100 point correction.