Nifty was unable to cross its 4700 level but no doubt market has made great come back after the fall on 29.07.2009 due to china investors' profit booking. Nifty is still moving within a range. Depending on the investors' sentiment for past 15 days, we can expect the break out of level 4700. If it breaks then it will go to 4850. International markets are more or less in a good form. US markets has made good high but we have to be cautious because of profit booking, it may appears any time in this week. Therefore we need to watch news coming to market specially China, Japan and US unemployment rate.
Charts Source :www.stockcharts.com
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