Stay cautious, says Mohit Gaba

The CNX IT and the Pharma sector did not contribute again hence I recommend staying cautious on this up move. Also we are close to major resistance zones, around 6350-6400, says Technical Analyst, Mohit Gaba.

March 06, 2014 / 08:31 IST

Technical Analyst, Mohit Gaba:

The Nifty continued its upward march on Wednesday, again led by high beta stocks namely the banks. We are now trading above the 6300 level hence the continued long bias.

The CNX IT and the Pharma sector did not contribute again hence I recommend staying cautious on this up move. Also we are close to major resistance zones, around 6350-6400.

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