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Crucial support for the Nifty is at 5820: Gaba

Source : SIFY
Last Updated: Fri, Feb 15, 2013 03:37 hrs

Nifty (5897) we said "the market unfolded as expected and saw the up move with the high recorded at 5970…technically the two day move looks reactive in nature and so volatility is not ruled out" the market unfolded as expected and continued its journey down after the reactive up move and interestingly the market has closed right on our support…technically we are now at make or break level…and if we break then 5820 is not ruled out…

The crucial support for the Nifty is at 5820 and the resistance is at 5980-6000

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

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