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Support for Nifty at 4673-4499: Gaba
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Technical Analyst, Prakash Gaba:
Nifty (4757): We said ‘I would say it is good as long 4800 holds but if 4800 goes then we could see a level closer to 4500’. The market breached the 4800 mark and cracked and seen the low near a target of 4673. Technically the trend is still down but a stoppage of slight is not ruled due to the oversold condition of the market.
The crucial support on the downside for the Nifty is 4673-4499 and resistance at 4928.
BSE Sensex (15916): The crucial support on the Sensex on the downside is 15628 and resistance at 16514.
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