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Mid-session Outlook-2(06-06-2011)

When Indian markets were near today's lowest levels then bearish views were not posted and clearly told that today down moves are due to sentiment weakness. Today down moves reasons were explained and also following line was clearly told in Mid-session Outlook:-

"view will be bearish after sustaining below 5459 only" 

Today intraday support range is 5480-5495 and follow up buying in the coming hours will be first strong indication of down move stopping. As good support ai 5480 therefore:-

"down moves will be considered after sustaining below 5480 only"