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Crucial support for the Nifty is at 6000: Gaba

Source : SIFY
Last Updated: Wed, Jan 23, 2013 03:44 hrs

Nifty (6049) we said 'the market unfolded positive as expected and nearly achieved the target of 6100…now 6180 should be the logical target as long as 6000 holds' the market actually achieved the first target of 6100 yesterday and did not stay above it and in the process generating a bar which could damage the prevailing positive sentiments…now 6000 would be a psychological support

The crucial support for the Nifty is at 6000 and the resistance is at 6100-6180

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

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