Home » News » Mohit Gaba
Oct 05, 2012, 08.09 AM IST | Source: Moneycontrol.com

Nifty may test 5850-5870: Mohit Gaba

We should proceed toward 5850-5870 levels as there is no sign of weakness as yet, says Technical Analyst, Mohit Gaba.

Technical Analyst, Mohit Gaba:

The Nifty opened with a small gap up and traded higher in the first 15 minutes of the day after which it held on to those gains for the rest of the day.

As I said on Wednesday chances are the Nifty will move up and it did just that. We should proceed toward 5850-5870 levels as there is no sign of weakness as yet. I closed my Bank Nifty long positions locking in 200 point of profit.

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

84092.2 762.67 0.92%

3784

Bought today

3508

Sold today

1.11%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.