Support for Nifty at 2900: Gaba

Published on Tue, Mar 31, 2009 at 08:33 |  Source : Moneycontrol.com

Updated at Tue, Mar 31, 2009 at 08:35  

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Prakash Gaba, Technical Analyst, .

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Technical Analyst, Prakash Gaba:

BSE Sensex (9568): We said that 'I would be cautious' and the market tanked. The market was technically over stretched and so a reaction was due and it came in. Technically the market has given a sell signal and now if the market breaches 9520 then we should see a level of 9332.

The support for the Sensex is 9332 and the resistance to the up move is at 9900.

Nifty (2978): The support for the Nifty is at 2900 and the resistance to the up move is at 3050.

  

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