Web Sify
Follow us on

Support for Nifty is at 5645-5535: Gaba

Source : SIFY
Last Updated: Fri, Mar 01, 2013 03:37 hrs

Nifty (5693): we said "we are now into F&O expiry and the budget day and so volatility is not ruled out. 5835 is still a resistance to deal with" the market unfolded volatile as expected climbed near to resistance zone and cracked closing in the red on the budget day…technically now 5750 is a stiff resistance to deal with and the logical downside target is around 5645-5535

The support for Nifty is at 5645-5535 and the resistance to the up move at 5750

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

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance