02-FEB-2011

  

NIFTY CLOSE BELOW 5437 ON CLOSING BASIS NEXT IMPORTANT SUPPORT 5348 & 5225. BREAK THIS LEVEL WE CAN EXPECT 4977.

SHORT TERM TRADERS HOLD NIFTY LONG POSITION ONLY CLOSE ABOVE 5437 TGT WILL BE 5478-5524-5588-5608 LEVELS.