The crucial support for the Nifty is at 9050-8900 and the resistance is at 9120-9218, says Technical Analyst, Prakash Gaba.
Technical Analyst, Prakash Gaba:
Nifty (9087): We said ‘and any move above 9000 could take the Nifty to around 9218 zones in the days to come. The crucial support for the Nifty is at 8900-8850 and the resistance is at 8969-9000-9120-9218’. The Nifty opened with a massive bull gap and traded up trapping the shorts and saw the high like a dot on our resistance at 9120 to close in the green and in the process generating an indecisive pattern.
Technically the trend is still intact up and any move beyond 9122 would take it up to around 9218, crucial support to watch would be 9050.