Techcheck Daily Nifty any lower and the apple cart would turn ::Emkay

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Techcheck Daily

Nifty any lower and the apple cart would turn

n     Chart in Focus: Nifty correction deeper than expected, prices near critical supports, 200 DEMA gets whipsawed yet again, anything lower from here would tip the scale and turn the tide in favour of bears

n     The Plan B would kick in if we fail to recover in a couple of sessions, lower end of previous 52 week channel stands at 5250

n     Bank Nifty, BSE 500 and BSE Mid Caps also show similar patterns

n     Stocks with positive short term view

n     RIL,  ICICI Bank, LIC Hsg

n     Stocks with negative short term view

n     Jaiprakash, Hindlaco, Tata Steel