CALLS FOR 08/0/10

One can buy Nifty Future above 4760 SL4720.
On higher side, it will find resistance at 4790 and major resistance at 4820 to 4840.
Nifty future will get strength only above 4850 and hence it will be better not to remain short above this level.
Until we close above 4850, the possibility of making one more low near 4600 remains open.