Nifty on 3-8-2010 closed at 5440 with a discount 5 points.

• FII bought in cash, F&O all segments. 
• Nifty future added 13.3 lacs (bullish).
• But, the overnight closing of DOW at higher levels was not able to push the market as expected, even there was writing of 5400 call ( in the money) considerable volume. This night the DOW facing the profit booking, but we have to wait for its closure.
• Though the FII data is still positive the market is not going up as expected. This means one has to wait for a downward correction first??? (under current is positive) to 5212 nifty future and a bounce up. GO slow as of now.