Markets Violating important levels

>>> Nifty currently trading at 5100 levels , For long term as long we remaining above 5050 no problem for the Bulls target as everyone says 6500 or 7000 remains

>>> Now for the time being Market is getting bad news around the globe & getting capped at the upper-end 5350

>>> Now only above 5350 Closing Basis , positional bulls will have the Real power , else ? we can fall anywhere if series of bad news comes in next 1 week time.

In the lower end Nifty ,when we hit the Upper Circuit needs to fill the gap formed 22/5/2009 at 4000-3750 levels & today's date is 6/5/2010 so what can happen in the next 10 days we need to watch closely & good money can be made by shorts for sure

Very important Supports for the market are 5050 / 4670

Keep an eye on the following Nifty put options

***4600 May put cmp 11
***4300 May put cmp 2.3
***3500 June put cmp 3
***4000 June put cmp 7.5

These can turn out to be a life time JACK POT if Nifty breaks 4670 ,target 3750

4670 is a long way to go is it ? if it needs to be there it will come in few days before we realize it.

Good luck & trade safe