Support for Nifty is at 5645-5535: Gaba

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.

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