See lower levels, says Mohit Gaba

We could move lower though as the Bank Nifty broke marginally lower at the very end of the session. So as for the Index all I can say is wait and watch and be more active on stock futures, says Technical Analyst, Mohit Gaba.

February 07, 2013 / 08:02 IST

Technical Analyst, Mohit Gaba:

As I expected the Nifty did give that bounce up at open and closed flat for the day. It’s hanging around in crucial support zones of 5950 and unless we decisively break lower we should hold back from taking short positions.

We could move lower though as the Bank Nifty broke marginally lower at the very end of the session. So as for the Index all I can say is wait and watch and be more active on stock futures.

first published: Feb 7, 2013 08:02 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347