Resistance for Nifty at 9245-9414: Prakash Gaba

Technical Analyst, Prakash Gaba:

Nifty (9238): We said ‘technically the trend is still intact up and upside to 9218-9245 is still a possibility and the first sign of weakness would be when the Nifty trades below the crucial support of 9130’. The Nifty opened with bull gap and took support near previous day’s close and climbed up to find resistance at our resistance of 9245 and close in the green.

Technically the trend is still intact up as long as 9190 holds.

The crucial support for the Nifty is at 9190 and the resistance is at 9245-9261-9414