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Crucial support for the Nifty is at 5796-5750: Gaba

Source : SIFY
Last Updated: Fri, Dec 14, 2012 03:45 hrs

Nifty (5852) we said ‘structurally the market has shown some signs of profit booking and I would not be surprised of some more profit booking in the days to come’ the market finally unfolded as expected and closed in the red…technically now 5900 seems a strong resistance zone to work with and the market could slide to around 5780 zones in the days to come…

The crucial support for the Nifty is at 5796-5750 and the resistance is at 5900

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


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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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