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Technicals Details

Support for Nifty at 5,100: Prakash Gaba

SI Reporter/ 14 Jun 12 | 08:38 AM

Nifty (5121)

We said "now it looks as if the up move should continue for a target of around 5,185-5,200," the market continued its up move but got stalled at 5,145 and closing again on 5,121. This is a cause for concern and now if the up move continues then 5,185 is a possibility but the breach of 5,100 would be a worry.

The crucial support for the Nifty is at 5,100 and the resistance is at 5,185-5,200.

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