Cautious on market on medium term: Mohit Gaba

The bias is bullish for the very short term but one should be cautious as we are still in a down move on the medium term, says Technical Analyst, Mohit Gaba.

June 18, 2015 / 08:34 IST

Technical Analyst, Mohit Gaba:

The Nifty continued to tread higher, at one point it looked like it would close at the highs of the day making it a trend day but selling came in the last hour. This makes me sceptical of the up move we are seeing on the index.

The bias is bullish for the very short term but one should be cautious as we are still in a down move on the medium term.

first published: Jun 18, 2015 08:34 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