Support for the Nifty is at 5322-5282: Gaba
|
Last Updated: Thu, Feb 09, 2012 10:16 hrs
Nifty (5368) we said ‘technically still the market is up but in a reactionary mode and can slide down to around 5282-5201 and the upside limited to 5435’ the market stayed put sideways finding stiff resistance near the 5400 mark and closing flat…I would say that 5322 is a very crucial support to deal with and best to trade long as long as 5322 holds…
The support for the Nifty is at 5322-5282 and resistance at 5400-5435
Prakash Gaba is a professional technical analyst and a trader based in Mumbai and runs his own consultancy.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Petrol carmakers announce up to Rs 50000 in discounts Read 366 Times
- Nude maid service raising eyebrows in Texas city Read 315 Times
- A Chennai restaurant's unique Saturday night dinner Read 271 Times
- Congress slams Trinamool over petrol price hike protest Read 143 Times
- Air India flies out stranded British Airways passengers Read 119 Times
