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Crucial support for the Nifty is at 5640-5582: Gaba

Source : SIFY
Last Updated: Mon, Nov 05, 2012 03:39 hrs

Nifty (5698) we said 'now looks like 5730 is a strong resistance to work with' the market closed marginally in the green but I still think that 5680-5700 zones is a stiff resistance to work with' the market unfolded as expected and has closed right on the resistance…so far the market is still range bound and 5580 is a very crucial support to work with and only a break beyond 5730 with force will propel the market up… will it?

The crucial support for the Nifty is at 5640-5582 and the resistance is at 5700-5780

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


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