Oct 05, 2012, 08.09 AM | Source: Moneycontrol.com
We should proceed toward 5850-5870 levels as there is no sign of weakness as yet, says Technical Analyst, Mohit Gaba.
Mohit Gaba (more)
Technical Analyst, www.tradeguruforum.com | Capital Expertise: Equity - Technical
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.