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Technicals Details

Support for Nifty at 5270: Prakash Gaba

SI Reporter/New Delhi 10 Aug 12 | 08:34 AM

Nifty (5323)

We said, "Technically the market seems like a bull trap now and its time to book  profits."

The market unfolded as expected with profit booking technically the market is still in a reaction mode and some more profit booing in the upper regions is not ruled out. However 5270 seems to a strong support zone

The crucial support for the Nifty is at 5270 and the resistance is at 5378-5449

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