Live Markets »News & Advice»Latest Advice»Latest Advice Details
Latest Advice Details
Back

Support for Nifty at 5030-5099: Prakash Gaba

SI Reporter/ 24 Jul 12 | 08:21 AM

Nifty (5118)

We said "technically now 5260 is a stiff resistance to deal with and 5160 on the downside is a possibility." The market unfolded weak as expected and closed in the red.

Technically still weak except that 5099 could be short covering zone if it has to happen otherwise even a level of 5031 is also not ruled out strong resistance is at 5060

The crucial support for the Nifty is at 5099-5030 and the resistance is at 5260.

Related Stories

    No Related Stories Found

Sensex

Company Price Gain (%)
Larsen & Toubro1,377.302.48
GAIL (India)384.201.48
B H E L189.301.42
Tata Steel426.601.32
M & M1,036.751.22

Poll

Will Nifty spot breach 7,000 levels in May?


Online Portfolio

You can create Online Portfolio here using the below button.