Support for Nifty at 5800: Gaba

The crucial support to watch for the Nifty would be 5800.

April 25, 2011 / 08:35 IST

Technical Analyst, Prakash Gaba:

The market has managed to gain 60 points during the week and has stayed in a typical sideways mode. We are now into an F&O expiry week and technically we can say that the market is still up and if it continues up then the next logical target would be 5972. I would not be surprised with volatility this week.

The crucial support to watch for the Nifty would be 5800.

From a trading point of view I would prefer to book profits in the upper regions as market is expected to trade volatile in the F&O expiry week.

first published: Apr 25, 2011 08:24 am

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