Crucial support for the Nifty is at 5253: Gaba

Nifty (5315) : we said 'we now have an F&O expiry with no sign of strength witnessed on the charts as yet and volatility is not ruled out' the market unfolded volatile as expected first in the red and bouncing back to close in the green and taking care to see the low of the day at 5255 like a dot...technically we should now see some kind of a short covering and a positive close and if this does not happen then we would be in for a rough time in the days to come..

The crucial support for the Nifty is at 5253 and the resistance is at 5325-5370

Prakash Gaba is a professional technical analyst and a trader based in Mumbai and runs his own consultancy.

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