Technical Analyst, Prakash Gaba:
Nifty (9136): We said ‘technically now 9135-9185 are stiff resistance zones and downside 9050-9000 is still a possibility’. The Nifty opened with a bull gap and climbed to close right on our resistance. Technically there is a good chance that we could see an up move to around 9225 as long as 9100 holds.
The crucial support for the Nifty is at 9100-9050 and the resistance is at 9185-9200-9225.
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