Moneycontrol
Apr 02, 2012 11:31 AM IST | Source: Moneycontrol.com

Start of a fresh up move: Mohit Gaba

The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards, says Technical Analyst, Prakash Gaba.

Start of a fresh up move: Mohit Gaba

Technical Analyst, Mohit Gaba:

The Nifty opened gap up and continued to move higher throughout the day. A strong bullish day! A further up move is expected towards 5500 levels. The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards. We could see the Bank Nifty outperform the Nifty over the next week. Hence we can go long.

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