Nifty not likely to break 5,480 in a hurry: SBI Cap

Hemant Thukral, Head of Derivatives Research at SBI Capital Securities says that he does not see the Nifty breaking the 5480 level in a hurry. “The consolidation phase is likely to continue for atleast another 5-6 days," he tells CNBC-TV18 in an exclusive interview

July 22, 2011 / 10:31 IST

The market has been trading in a range between 5200 and 5600 for quite some time now. Speculations run high on whether the Nifty will break on the higher side or the downside. However, what is observed is narrowing of the range than breaking out.

Hemant Thukral, head of derivatives research at SBI Capital Securities says that he does not see the Nifty breaking the 5480 level in a hurry.

first published: Jul 22, 2011 08:44 am

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