Crucial support for the Nifty is at 5900: Gaba

Last Updated: Thu, Feb 14, 2013 03:16 hrs

Nifty (5933) we said "now looks like 5900 is a strong support to work with and we could see some up move" the market unfolded as expected and saw the up move with the high recorded at 5970…technically the two day move looks reactive in nature and so volatility is not ruled out…

The crucial support for the Nifty is at 5900 and the resistance is at 5980-6000

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

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