Crucial support for the Nifty is at 5600-5570: Gaba

Last Updated: Fri, Nov 16, 2012 03:34 hrs

Nifty (5631) we said 'so far technically 5720 is a stiff resistance to work with' the market unfolded as expected and saw the low at 5600 close to our support like a dot and has closed in the red… technically the market is still weak and may see lower levels though a reaction is not ruled out…

The crucial support for the Nifty is at 5600-5570 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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