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Crucial support for the Nifty is at 5570: Gaba

Source : SIFY
Last Updated: Wed, Nov 21, 2012 08:39 hrs

Nifty (5572) we said 'technically the market is still weak but a reaction is not ruled out' the market unfolded as expected and reacted and yet closed flat again… 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 crucial support for the Nifty is at 5570 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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