The crucial support for the Nifty is at 8700-8640 and the resistance is at 8820-8870, says Technical Analyst, Prakash Gaba.
We said ‘now I would say that 8770 is a stiff resistance to deal with and there is a good chance that the market could slide to 8640 zones’. The Nifty managed to stay above the 8700 mark and closed right on our resistance.
Technically now the Nifty is on Make or Break level, 8700 is very crucial support to work with and upside to 8820-8870 is still a possibility.
The crucial support for the Nifty is at 8700-8640 and the resistance is at 8820-8870.