Support for Nifty at 5322-5282: Prakash Gaba

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Technical Analyst, Prakash Gaba:

Nifty (5368): We said 'technically still the market is up but in a reactionary mode and can slide down to around 5282-5201 and the upside limited to 5435'. The market stayed put sideways finding stiff resistance near the 5400 mark and closing flat.

I would say that 5322 is a very crucial support to deal with and best to trade long as long as 5322 holds.

The support for the Nifty is at 5322-5282 and resistance at 5400-5435.