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Jul 12, 2012, 08.23 AM IST
I expect the market to be choppy and volatile over the next few days and its result season, says Technical Analyst, Mohit Gaba.
Technical Analyst, Mohit Gaba:
The Nifty opened higher than Monday’s close, traded higher during the day closing at the high of the day. Yesterday was a big up day, a very bullish signal. I had long Bank Nifty position from Monday, on which I booked profit yesterday.
Technically the Nifty is still up, however I feel 5400-5600 is a strong resistance zone and we would need some very strong positive news from the government to push the market above these zone. I expect the market to be choppy and volatile over the next few days and its result season. Hence, a day at a time.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals