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Technical Analyst, Prakash Gaba:
BSE Sensex (13757): We said ‘the market still looks weak and the next logical technical target is 12750, a surprise reaction from 13500 is not ruled out’. The market went down to 13600 and stopped to close flat for the day. The market is still looking weak but a reaction is not ruled out and that would be more of profit booking than actually buying. Trading is likely to be difficult in the days to come.
The support for the Sensex is 13514-13400-12600 and the resistance to the up move is at 13960.
Nifty (4081): The support for the Nifty is at 3870 and the resistance to the up move is at 4135.
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Today's Special Column
with Ashok Gulati
International Food Policy Research Institute , Director in Asia
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