Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessTechnicalsRemain cautious, still in down move in medium term: Gaba

    Remain cautious, still in down move in medium term: Gaba

    The Nifty is not getting a good amount of support from the Bank Nifty which is worrying. One should be cautious as we are still in a down move in the medium term, says Technical Analyst, Mohit Gaba.

    June 19, 2015 / 08:37 IST

    Technical Analyst, Mohit Gaba:

     

    The Nifty continued to move higher, mainly due to Reliance Industries. Next is 8200-8250, the bias is bullish for the very short term.

     
    The Nifty is not getting a good amount of support from the Bank Nifty which is worrying. One should be cautious as we are still in a down move in the medium term.
     

    Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.

     
    first published: Jun 19, 2015 08:37 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    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