Nifty may correct, says Mohit Gaba

Technically we should assume the trend is up until it does not break 6540; however there is a possibility we might start to move lower as CNX IT and pharma sectors have started to correct, says Technical Analyst, Mohit Gaba.

March 27, 2014 / 08:52 IST

Technical Analyst, Mohit Gaba:

The Nifty opened gap up on Wednesday, it held onto its gains for most of the day until the last couple of hours where it broke lower closing above Tuesday's low but below the open and high of the day.

Technically we should assume the trend is up until it does not break 6540; however there is a possibility we might start to move lower as CNX IT and pharma sectors have started to correct.

first published: Mar 27, 2014 08:52 am

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