Nifty has resistance at 9218: Prakash Gaba
The crucial support for the Nifty is at 9120 and the resistance is at 9218, says Technical Analyst, Prakash Gaba.
Technical Analyst, Prakash Gaba:
Nifty (9154): We said 'technically I would maintain that if market has to climb up to 9218 then it needs to clear our resistance of 9120, crucial support still is 9050 and if that goes then slide to 9000 is a possibility’. The Nifty opened with a bull gap taking out our 9120 mark and climbed up and closed in the green. Technically 9218 our logical target is within reach.The crucial support for the Nifty is at 9120 and the resistance is at 9218.