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Support for Nifty at 4780-4730: Gaba

Published on Wed, Nov 11, 2009 at 08:26 |  Source : Moneycontrol.com

Updated at Wed, Nov 11, 2009 at 08:27  

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Support for Nifty at 4780-4730: Gaba

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Technical Analyst, Prakash Gaba:

BSE Sensex (16440): The market has closed positive though we did see some profit booking near our target for the day of 16404. Technically it looks like some exhaustion bar but the trend still seems to be intact up as we have a strong supports around 15950.

The crucial support for the Sensex is 16030-15950.

Nifty (4881): The crucial support for the Nifty is at 4780-4730 and resistance is at 4903.

  

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