Support for Sensex at 15628: Gaba

ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 17/02/12 Are Mutual Funds betting on Nifty?

Technical Analyst, Prakash Gaba:

Nifty (4760): We said 'technically the trend is still down but a stoppage of slide is not ruled due to the oversold condition of the market'. The market unfolded as expected and the slide stopped right on our support like a dot on 4675 and the market closed in the green. Technically the trend is still down but it still requires one more plus day for the market to have some sustained up moves.
 
The crucial support on the downside for the Nifty is 4673-4499 and resistance at 4918.

BSE Sensex (15936): The crucial support on the Sensex on the downside is 15628 and resistance at 164