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: