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Support for Nifty is at 5835-5775: Gaba

Source : SIFY
Last Updated: Mon, Feb 25, 2013 03:33 hrs

Nifty (5850): we said "technically now 5900 is a strong resistance to deal with" the market has unfolded flat and did not cross the 5900 mark…technically the market is still weak and is now at make or break levels and we now head into the budget week with F&O expiry playing us all….the breach of 5835 would be bad for the sentiments while I would say this a very good time for Volatility with strong resistance around 5950 zones

The support for Nifty is at 5835-5775 and the resistance to the up move at 5900-5950

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


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