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Oct 11, 2012, 08.03 AM IST
The Nifty opened gap down and traded lower closing at the lows of the day. It s now 20 points from the crucial 5630 mark and in all likely hood will break that level and move lower, says Technical Analyst, Mohit Gaba.
Technical Analyst, Mohit Gaba:
The Nifty opened gap down and traded lower closing at the lows of the day. It s now 20 points from the crucial 5630 mark and in all likely hood will break that level and move lower. I will wait and watch to see what happens and we are still in an uptrend on the larger time frame (weekly). The 5600- 5630 are crucial zones to watch out for.
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