|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
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.