Sensex has support at 18200-18150: Gaba

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Technical Analyst, Prakash Gaba:

Nifty (5479): We said 'technically the market is heading into a head wind and we could see profit booking in the upper regions'. The market has remained range bound within strong supports and strong resistance. Technically there exists a stiff resistance around 5540 and the market is likely to be sluggish.

The crucial support on the downside for the Nifty is 5470-5450 and resistance at 5510-5540.

BSE Sensex (18221): The crucial support on the Sensex on the downside is 18200-18150 and resistance at 18356-18390.