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Pre-open Outlook(30-05-2012)

Although US markets closed with more than 1% gains yesterday but its all Futures are more than .40% down therefore sentiment turned weak today morning and all the Asian markets are trading in Red at this moment. Negative opening is expected in Indian markets and finally sustaining below 4960 will mean positive signals of 28-05-2012 as whipsaw(false signals) and in that situation retesting of following supports will be seen:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590