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Technicals Details

Resistance for Nifty at 5,100: Prakash Gaba

SI Reporter/New Delhi 19 Jun 12 | 08:32 AM

Nifty (5,064)

We said ‘technically the market is now on Make or Break levels and if it crosses 5,146 then the logical target in the days to come would be 5,200 otherwise the market could stall here.’ The market unfolded as expected crossed 5,146 and saw the high at 5,190 and sold off to close in the red.

The crucial support for the Nifty is at 5,030-4,931 and the resistance is at 5,100.

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Will Nifty cross 8,300 if RBI cuts rates by over 25 bps?

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