Support for Nifty is at 5870: Gaba

Last Updated: Tue, May 14, 2013 03:29 hrs

Nifty (5980): we said "technically the trend is still intact up as long as 6040 holds…but I would be cautious too though trading long' the market unfolded as expected and my caution was justified making the market close deep in the red…to my mind I don't the market is now crossing 6110 in a looks like profit booking time...

The support for Nifty is at 5870 and the resistance to the up move at 6110

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

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