As Expected close below 5577 my target was 5428 just see Nf close below 5577 on Friday and Today Nf made exactly low near my Support which was 5428  NF made low of 5538.10

Nifty spot 5419 was Crucial point of reversal and it exactly made low of 5416.65 and taken uturn .

If Close below 5428 For 3 consecutive days then Non Stop 4855.

Last hope for Bulls 5357-5428.

Crucial Day 2nd Feb 2011.

Major Support @ 5428.

Intra-day support @ 5471

Above 5512 watch Short covering rally upto 5577-5587

Need closing above 5577 then only it can touch 5655.

Major Hurdle @ 5728.

Alert : selling Pressure will come around 5577-5596

Note: Whatever low made till 2Feb2011 should hold for next 23 days  to 45 days or Nf have to give 2 Close above 5728 and after 23 days Nf must not break low which will made till 2Feb2011.