Monday, May 25, 2015

MARKET SUMMARY FOR 25 MAY 2015

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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