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Support for Nifty at 5,100: Prakash Gaba

SI Reporter/New Delhi 25 Jun 12 | 08:48 AM

Nifty (5,146)

We said, "Technically the market still looks up and we could see levels closer to 5,220-5,250." However, that did not happen and the market managed to stay above the crucial level of 5,100 and closed marginally in the red. Technically the market has a very crucial support at 5,100 and we could consider the market as still up as long as 5,100 holds.

The crucial support for the Nifty is at 5,100 and the resistance is at 5,220-5,250.

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Will the Nifty reclaim 9,000 in case of robust Q4 earnings?

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