Prakash Gaba said ‘Technically the market is still in a sell mode... we are now into an F&O expiry week...we also now head into a the Financial Year ending...the market is expected to be volatile and if it slips down then the target of 5080 could be achieved...however 5400 is a stiff resistance to deal with.’ More Information about nifty trading tips please visit the site

The market unfolded volatile as expected and came closer to 5101 to bounce back on the last day of the week to close marginally positive.

Technically the bar generated for the week is a bar that displays strength and gives an indication that the down move temporarily could be arrested. We now have a truncated week with just 2 days of trading with a long weekend ahead. Technically we could see some volatility and the upside could be limited to 5382 zones with strong support emerging around 5200 zones.

From a trading point of view, Prakash Gaba advises traders to trade long as long as 5200 holds

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