13.05.2019 8 POST MARKET DATA 8 வருடம் கழித்து 9 வது நாள் தொடர்ந்து இறக்கம் கண்ட NIFTY |TTZ HD
13.05.2019 8 POST MARKET DATA 8 வருடம் கழித்து 9 வது நாள் தொடர்ந்து இறக்கம் கண்ட NIFTY |TTZ After consolidating around 100-days exponential moving average (EMA), traders were confident that Nifty50 should be able to hold on to this level on May 13 but late hour selling pushed Nifty in the red for the 9th consecutive days in a row. The index posted its longest losing streak for the first time in the last 8 years, The index broke below its crucial 100-days exponential moving average (EMA) placed at 11,253 to form a bearish candle. The next support could now be placed at its 200-days EMA placed around 11,035. More than 200 companies on the NSE and over 300 companies on the BSE hit fresh 52-week low which includes names like Eicher Motors, M&M, Biocon, Sun Pharma, Wockhardt, Dabur India, Cadila Healthcare, a) on-going tensions between the US & China kept investors on the edge across Asian markets, b) weak economic data as well as, c) disappointing results from India Inc. d) In terms of technicals, a break below 100-days exponential moving averages followed by 11200 levels added to selling pressure. The next target for the index is placed around its 100-days EMA placed around 11035 levels. The near term resistance zone, on the other hand, shifts lower to 11280-11300 Eicher Motors declined 8 percent as CLSA slashed its target price post Q4 results to Rs 22500 from Rs 23900 earlier with outperform rating. Shares of Sun Pharmaceuticals dived 21 percent intra-day, just days after more than 40 states in the US filed a lawsuit alleging drug manufacturers of artificially inflating prices, CNBC-TV18 reported. The stock closed 9.3% lower at 396.85. It hit a fresh 52-week low of 350.40 on the BSE. ITC: ITC closes below 200-DMA as Q4 margin misses estimates. The operating profit or Earnings before interest, tax, depreciation, and amortization (EBITDA) of the company was at Rs 4,572 crore, while margin was at 38.1%, compared to CNBC-TV18 poll of 39.2%. Cadila Healthcare touched a 52-week low of Rs 265.95, falling over 7 percent after broking firm CLSA downgraded the stocks to sell from buy, and cut target to Rs 250 from Rs 430 per share. The share price of Delta Corp touched a 52-week low of Rs 182 on the back of news report of GST evasion. The stock closed 12.6 percent lower at Rs 186.40. “For time being upsides shall get capped around 11,300 whereas a close above 11,228 can be considered as the initial sign of strength which can then lead to sideways consolidation,” இலவச பங்கு சந்தை பயிற்சி - ஈரோடு - 25.05.2019 |FREE TRADING PROGRAM - ERODE https://youtu.be/CzXwFFs0BwU Have a great day & Thank you For Open New DEMAT/Trading Account - Pls click this link : http://app.aliceblueonline.com/OpenAnAccount.aspx?c=TTZ Saranya 9606046823 tamiltraderszone@gmail.com For Telegram Group t.me/ttz112 For Whatus - Group - https://wa.me/919940344416?text=nameplaceemailaddress