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Mid-session Outlook-4(10-06-2011)

All the Asian markets closed near day,s lows except SSE Composite Index,All European markets opened in Red and trading in negative zone and Dow's futures is also trading 40 points down therefore sentiment dampened and Indian markets slipped from 5482 and now Nifty is trading between next support range(5460-5480).

Heavy global storm since opening today therefore down moves are being seen today and Nifty is trading within most crucial support(5460-5480). Sustaining below 5460 will mean high possibility of deeper correction begining.