FUTURE:
“SELL VOLTAS
BELOW 320 TGT 315 SL 325”
“BUY DISHTV
ABOVE 85.50 TGT 89 SL 82.00”
Nifty holds resistance
of 100 EMA .Nifty
drops below 8400 by 1.1% at 8362. Sensex fell 313 points to 27643 and the
50-share NSE Nifty ended below the 8400-mark, down 88 points to 8362 The BSE
Midcap and Smallcap indices closed flat with negative bias. Canara Bank took a sudden plunge after the bank
announced its Q4 results. For three sessions, nifty is facing resistance of 100
day EMA @
8440-50.Now 100 day EMA is a very good indicator of medium term trend. it has
been month now that the indices have been trading below 100 EMA.
indices have not traded below 100 EMA for such a long time since september
2013.couple of closes above 8450 and we are set for 8600+ levels. however
failure to do so will again drag back indices to sub 200 EMA levels i.e below
8200 odd levels. The
stock cracked nearly 5.2% to end the day at Rs 335.40. ONGC, Bharti Airtel, M&M,
BPCL are the top gainer.HDFC, ITC, Vedanta and Tata Steel, down by 2-3 percent and L&T, Reliance Industries, SBI, Axis
Bank, HUL, Infosys, ITC and Tata Motors with around a 1 percent loss. Sensex slips over 300 points, Top gainers and
losers are:
Sectors
|
Change
%
|
Top
Gainers/Loser
Company |
Tobacco
Products
|
-3.54 %
|
ITC
|
Steel
|
-2.90 %
|
Tata
Steel
|
Finance
|
-2.61 %
|
H
D F C
|
Non
Ferrous Metals
|
-2.01 %
|
Hindalco
Inds.
|
Gas
Distribution
|
-1.75 %
|
GAIL
(India)
|
Paints/Varnish
|
-1.71 %
|
Asian
Paints
|
Textiles
|
-1.63 %
|
Grasim
Inds
|
Cement
|
-1.61 %
|
Ambuja
Cem.
|
Infrastructure
Developers & Operators
|
-1.54 %
|
Larsen
& Toubro
|
Mining
& Mineral products
|
-1.48 %
|
Vedanta
|
Telecomm-Service
|
2.1 %
|
Bharti
Airtel
|
Crude
Oil & Natural Gas
|
1.3%
|
O
N G C
|
Refineries
|
1.4 %
|
B
P C L
|
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