5.01.11 - Nifty short term reversal

Following up on yesterday's 60 min chart,the price crossed 6100 / the minor trendline ,retested it from below and closed at 6078.

60 min chart

Daily Chart 5.01.11

The next levels to look out for is 6005 - 38.2 % R levels from recent swing high.There is a cluster of price bars between 6045 / 5950 and this region can be a good support.