Technical on Hindalco,Bharti and US Dollar

By | November 30, 2010

Hindalco Industries

Stock is moving into channel but closed below 5 Day Low EMA and Dollar index crossing 80+ can hurt the stock on upside and downside will continue.

Short Hindalco below 201.40  Tgt 200.6 ,197.5 ,194.2 ,191.2 Sl 203.9

US Dollar Index Charts

US dollar crossed 50 DMA @78 and moving towards 82 levels if it is able to cross the 200 DMA it will be hurtful for equities

Live Dollar Index Chart@http://dollarindex.blogspot.com/

Bharti Airtel

Bharti Airtel near its 50 DMA@342 which have been a significant resistane from past many trading sessions

Buy above 342.8 Tgt 346 and 351

Sell below 333 tgt 329 and 327

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