Moneycontrol
Feb 16, 2017 08:12 AM IST | Source: Moneycontrol.com

Nifty could slide to 8640: Prakash Gaba

8770 is a stiff resistance to deal with and there is a good chance that the zones, says Technical Analyst, Prakash Gaba

Nifty could slide to 8640: Prakash Gaba
Technical Analyst, Prakash Gaba:

Nifty (8725): We said ‘I would maintain that any move above 8820 would result in a good up move. The crucial support for the Nifty is at 8700 and the resistance is at 8820-8850-8870’. The Nifty breached the 8770 mark and cracked to close in the red but somehow has managed to stay above the crucial 8700 mark.

Now I would say that 8770 is a stiff resistance to deal with and there is a good chance that the zones.

The crucial support for the Nifty is at 8700-8640 and the resistance is at 8820.


Sections
Follow us on
Available On