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Post-open Outlook-2(09-06-2011)

Nifty slipped below 5515 and it has to watched that Nifty is sustaining below 5515 or not. Nifty sustaining below 5515 will mean testing possibility of following 2 supports:-

1- 5480
2- 5440

Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.

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