Mar 22, 2012, 01.29 PM | Source: Moneycontrol.com
The crucial support for the Nifty is at 5300 and the target is 5398-5421, says Technical Analyst, Prakash Gaba.
Prakash Gaba (more)
Technical Analyst, prakashgaba.com | Capital Expertise: Equity - Technical
Nifty (5365): We said ‘technically what we have witnessed so far is just a pause in the down move and the crucial level now to watch would be 5233 and if that goes then we should see the market slide down closer to 5170 levels. However, I must say that 5435 is stiff resistance to deal with’. The market did not breach the crucial levels opened with a bull gap crossing our resistance of 5435 with ease and thus generating a buy signal and has stopped just near a strong resistance of 5366. Now 5300 has become a strong support and next logical target is 5398-5421.
The crucial support for the Nifty is at 5300 and the target is 5398-5421.
Tata Steel, Hindalco, Axis Bank, GAIL and Coal Ind
The house will continue with its overweight positi
Tata Steel, Hindalco, Axis Bank, Coal India and ON
Tata Steel, Hindalco, HDFC, Axis Bank and Coal Ind
Equity benchmarks turned volatile after strong ope
Trading of CNX Nifty futures on the Singapore stoc
The crucial support for the Nifty is at 5322 and t
The crucial support for the Nifty is at 5435 and t