Resistance for Nifty at 5,200: Prakash Gaba

SI Reporter/New Delhi 29 Jun 12 | 08:35 AM

Nifty (5,149)

We said, "Technically the market is typically in a sideways zone and I would say 5,095 is still a very crucial support to work with on the F&O expiry day."

The market unfolded flat as expected and traded range bound. For the entire trading day Nifty managed to stay above the crucial 5,095 mark. Technically there exists a strong resistance around 5,185-5,200 zones and the crucial support still to watch is 5,095.

The crucial support for the Nifty is at 5,095-5,000 and the resistance is at 5,200