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Crucial support for the Nifty is at 5940: Gaba

Source : SIFY
Last Updated: Wed, Jan 02, 2013 04:30 hrs

Nifty (5951) : we said 'the market unfolded as expected and has seen the high near 5915....now the crucial support to watch is 5864 and trade long' the market unfolded strong as expected and has closed in the green....technically the market has given a breakout from a good consolidation against a stiff psychological resistance of 6000....strong support 5940

The crucial support for the Nifty is at 5940 and the resistance is at 5980-6000-6100

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


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