Moneycontrol
Jan 07, 2015 08:48 AM IST | Source: CNBC-TV18

Bull market? Trend in these Nifty stocks just changed

Below are Nifty stocks that are close to their 200 DMA levels. A breach of 200-day moving average means that stocks' major trend has officially turned negative


Indian market witnessed its biggest single day fall in almost five years. Sensex slid 3 percent or 857 points at 26,987 and Nifty cracked 251 points at 8172 levels on Tuesday owing to political uncertainty form Greece and global crude oil slipping to multi-year lows.


Ashutosh Raina of HDFC Bank said, "The risk-off sentiment appears to have engulfed the global markets with oil prices hitting 5-year lows and political uncertainty in Greece forcing investors to move to safe havens.”


Nymex crude dropped over 5 percent to USD 50 a barrel, while Brent crude tumbled towards USD 53 after data showed Russian oil output at post-Soviet era highs and Iraqi oil exports at near 35-year peaks.


Below are some Nifty stocks that are close to their 200 DMA levels. A breach of 200-day moving average means that stocks' major trend has officially turned negative.


Scrip NameLast Price (Rs)200 DMA level (Rs)Away from 200 DMA
Wipro543552-1%
Bharti Airtel355358-1%
L&T15031514-1%
M&M121412100%
NTPC1401391%
GAIL4344311%
HCL Tech154015191%
TCS244824082%
ITC3603532%
Ambuja Cem2232154%
Tata Motors5004706%
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