Crucial support for the Nifty is at 5950-5920: Gaba

Last Updated: Wed, Feb 06, 2013 03:34 hrs

Nifty (5957) we said "technically the market is still weak and a slip to around 5950 is not ruled out" the market unfolded as expected and saw the low just on our target and has closed in the red… technically the market looks stretched on the downside and so there could be a possibility of a positive close…

The crucial support for the Nifty is at 5950-5920 and the resistance is at 6020-6100

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

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