Markets now in sell mode: Prakash Gaba

Prakash Gaba/Mumbai 31 Jan 12 | 09:06 AM

Nifty (5087) we said ‘technically the market is up but is also stretched on short term indicators and so I would trade long as long as 5160 holds’ the market unfolded as expected and broke the crucial support to close in the red…technically now the market is in sell mode and can slide down to around 5000 zones in the to come…strong resistance now exists at 5160 levels…

The support for the Nifty is at 4995 and resistance at 5160.

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