Nifty may bounce back: Mohit Gaba

Technical Analyst, Mohit Gaba:

The Nifty is continuing to drift lower and as mentioned earlier this drifting is difficult to trade. The crucial support areas are 5900 and 5850-5840 zones.
There is no sign of strength yet but there is a sense or reducing weakness. We might just see a bounce in the Nifty today. I waiting for a strong trending day to initiate a position on the index.