GEPL Technical view on Nifty – 10th December (video)

Today Nifty closed at 5766 with a loss of 137 points which is a loss of 2.33%b comparative to its previous closed. We at GEPL are of the view that this rally is heading towards the major region of 5500-5550.On the downward side the market has got support at 5690 and below that at 5600. Resistance is placed at 5800 and 5850. Regarding sector specific approach, in our view we are still bearish on BSE-Realty, BSE-Metal and BSE- Capital Goods while BSE- Health care and BSE-FMCG is going to out perform the broader indices.

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