If it is actually capable of 400W, such as a 380W Antec Earthwatts or 400W Corsair Builder, you should be able to run a HD6850 on it as long as the rest of your rig is relatively modest (e.g. not half a dozen hard drives, watercooling, and an overclocked 140W CPU; etc).
Post your specs inclusive of PSU brand and model until then we really cant recommend even. Some cards have problems in older boards some 400watt PSU's are more like 300watt and so on!
That PSU looks like a generic cheapie. A quality modern PSU has full range active PFC (no little voltage switch, but works over a 90V-240V range) and some level of 80+ certification for efficiency. Seasonic, Antec, Corsair, XFX, and Enermax/LEPA are among the better brands. FSP is also reasonable, OCZ if you're desperate.
Ok
So should i get the GTX550 TI or get new 500W PSU and get GTX 260 ?
Cause i want to play GTA IV with ENB and upcoming games on medium settings or low...