Market may not go up significantly

Nifty made double bottom on July,22 and technically it should reach 4600. But market may not obey the technicals. Market may go up or down depending on the following event triggers.

Crude rate ( close above $130 would affect the market badly but not necessarly the economy)
Credit policy announcement on 29.07.2008. (Further CRR hike may pull the market down)
F&O settlement on 31.07.2008 & Inflation data on the same day
Company earning results to be released in this week
Terror attacks

Traders may sell Nifty 4300 calls (July) for a neat profit with a holding period of couple of days.

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