Market Outlook for 31.01.2011

Dow closed  166 points down on Friday.   Asian markets opened weak and trading low.  Nikkei  - 126 points;  Hangseng  - 260 points;  Turmoil in Egypt  dragged down  stock markets in Middle  East.
SGX Nifty  is trading  down 92 points at 5452.  Gap down opening expected.  Expected trading range: 5420 - 5560/5590;