Crucial support for the Nifty is at 5550: Gaba

Last Updated: Thu, Nov 22, 2012 03:30 hrs

Nifty (5615) we said 'technically the market is a still weak but as long as 5550 holds and the first sign of strength would be when it stars to trade above 5630' the market has unfolded strong and there is a good chance that 5630 would be taken out and up move for few days may hold…crucial support 5550…

The crucial support for the Nifty is at 5550 and the resistance is at 5670-5720

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

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