Resistance for Nifty at 9150-9218: Prakash Gaba

The crucial support for the Nifty is at 9049-9000 and the resistance is at 9150-9218, says Technical Analyst, Prakash Gaba.

March 22, 2017 / 08:22 IST

Technical Analyst, Prakash Gaba:

Nifty (9122): We said ‘technically we can still see some more downside and pattern wise shorts could be covered now in the lower regions perhaps near 9049, resistance is near 9150 zones’. The Nifty found resistance near our resistance zone and traded weak to close flat for the day.

Technically now 9049 is a strong support zone but I would suspect all rallies until Nifty Bank does not close above 21150.

The crucial support for the Nifty is at 9049-9000 and the resistance is at 9150-9218.

first published: Mar 22, 2017 08:22 am

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