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Pre-Closing Outlook(14-05-2012)

Dow' Futures is more than 100 points down and most of the European markets are 2% or more down but Indian markets are less than 1% down today. Correction is on and selling seen at higher levels between 4945-4955 today but supports also seen at lower levels today despite surge in Monthly Inflation and above mentioned negative Global markets moves also. 

Nifty got supports at lower levels 0n 11-05-2012 and today therefore sustaining below today lower levels will be firstly watched for any down move confirmations.