Resistance for Nifty at 5,230: Prakash Gaba
We said "technically there still exists a resistance near 5,275." The market unfolded weak as expected, technically there is no sign of strength but a bounce is possible.
However, the next logical target on the downside is 5175 incidentally the market has closed right on our support like a dot.
The crucial support for the Nifty is at 5200-5175 and the resistance is at 5230.
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