Support for Nifty at 5050: Gaba

Published on Thu, Nov 26, 2009 at 08:16 |  Source : Moneycontrol.com

Updated at Thu, Nov 26, 2009 at 08:18  

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Support for Nifty at 5050: Gaba

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Technical Analyst, Prakash Gaba:

BSE Sensex (17199): The market is now headed into F&O expiry and technically the trend is still intact up and a move above 17300 would squeeze the shorts on the last day of the F&O expiry, the crucial level to watch would be 17150 and trade long.

The crucial support for the Sensex is at 17150 and logical technical target at 17467.

Nifty (5108): The crucial support for the Nifty is at 5050 and logical technical targets at 5155-5166.

  

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