Support for Nifty at 8850-8830: Prakash Gaba

The crucial support for the Nifty is at 8850-8830 and the resistance is at 8969, says Technical Analyst, Prakash Gaba.

March 06, 2017 / 07:51 IST

Technical Analyst, Prakash Gaba:Nifty (8898): We said ‘technically generating a topping pattern that could see the Nifty slide to 8830 zones’. The Nifty saw opened with a bear gap and it was the short covering that led the Nifty to close flat for the day. Technically now 8969 is a stiff resistance to work with. The crucial support for the Nifty is at 8850-8830 and the resistance is at 8969.

first published: Mar 6, 2017 07:51 am

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