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

Bull market? Trend in these Nifty stocks just changed

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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