Crucial support for the Nifty is at 5845: Gaba

Last Updated: Tue, Feb 12, 2013 03:53 hrs

Nifty (5898) we said "technically there is selling pressure in the upper regions and the market can slide down further to around 5845 zones…though we could see some volatility as well" the market closed flat after a volatile session…technically the market still looks weak but some more volatility is not ruled as banks might hold out…

The crucial support for the Nifty is at 5845 and the resistance is at 5950-5980

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

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