Support for the Nifty is at 5400: Gaba

Last Updated: Fri, Feb 24, 2012 04:51 hrs

Nifty (5483) we said ‘we now have an F&O expiry and could see volatility but it would still be a sell…strong resistance is at 5600’ the market unfolded as expected trading in the green and finally towards the end closing in the red…the market is still in a sell mode with stiff resistance around 5550 and the slide open to around 5400 zones…

The crucial support for the Nifty is at 5400 and the target beyond 5550

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

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