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Jul 12, 2012, 08.23 AM IST
The Nifty is still range bound and traders should stay out until we get a breakout, says Technical Analyst, Mohit Gaba.
Technical Analyst, Mohit Gaba:
The Nifty is still range bound and traders should stay out until we get a breakout. As long as 5040 holds I have a positive bias and on the upside if we get a breakout above 5180-5200, I will initiate longs. 5090 and 5040 are two important support areas on the down side. So lets wait and watch.
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