Wednesday, 7 September 2016

Resistance for Nifty at 9000-9119: Prakash Gaba


Support for the Nifty is at 8800 and the resistance is at 9000-9119, says Technical Analyst Prakash Gaba of prakashgaba.com. 

Market review September 7, 2016 

Nifty (8943) we said ‘the analysis remains the same…trend is still intact as long as 8700 holds’ the Nifty opened up with a bull gap and traded and closed in the green. Ttechnically now 8800 is a crucial support to work with and looks like the all time high of 9119 is under threat in the days to come.

The support for the Nifty is at 8800 and the resistance is at 9000-9119.
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