Resistance for Nifty at 5750: GEPL Capital

According to GEPL Capital, in the immediate term the level of 5750 would act as a very stiff resistance for Nifty. If it is unable to clear 5750 then there is a possibility of a correction till at least 5600 to 5550 range.
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Sep 07, 2013, 01.24 PM | Source: Moneycontrol.com

Resistance for Nifty at 5750: GEPL Capital

According to GEPL Capital, in the immediate term the level of 5750 would act as a very stiff resistance for Nifty. If it is unable to clear 5750 then there is a possibility of a correction till at least 5600 to 5550 range.

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Resistance for Nifty at 5750: GEPL Capital

According to GEPL Capital, in the immediate term the level of 5750 would act as a very stiff resistance for Nifty. If it is unable to clear 5750 then there is a possibility of a correction till at least 5600 to 5550 range.

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, GEPL Capital |

GEPL Capital's Technical Report:

Nifty added on to the gains of Thursday and ended yesterday with a gain of 1.56 percent at 5680. In the immediate term the level of 5750 would now act as a very stiff resistance for Nifty. If it is unable to clear 5750 then there is a possibility of a correction till at least 5600 to 5550 range. The gap support of 5550 has now turned a very important support for the immediate term.

As long as Nifty is able to hold this support it may at a later point in time attempt to cross the resistance of 5750 but for the time being we may witness a correction of this entire up move from 5118 till 5688 and Nifty may come down till 5600 to 5550 range.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Resistance for Nifty at 5750: GEPL Capital

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