5175 very crucial level of resistance for Nifty: Hemant Kale

ET Now spoke to Hemant Kale, MD, Maia Financial Services, on his views on the market.

What is Nifty's resistance level that you are tracking? If we do manage to break, let’s say the 5100 mark, how far do you see us going from here?

Hemant Kale: 5175 is a very crucial level of resistance for Nifty, that is because it is about 78% retracement of the fall starting January 2010 from 5310. So people should be very cautious at these levels and see how market reacts at that area.