Nifty View
The Nifty fell for the third consecutive session, to close below 17,000 mark. The Nifty has reached near its 200-day EMA, placed at 16,900 odd level. Indicators and oscillators have turned bearish on the short term charts.
Below 16,900, the Nifty could drag towards next supports of 16,750 and 16,600. Resistance for Nifty has shifted down to 17,300 level.
BUY
Krishna Institute of Medical Sciences (KIMS)
Last close: Rs 1,466
Targets: Rs 1670; Rs 1,770
Stop Loss: Rs 1,350
The stock price has been finding support at its 30-day EMA and has bounced back from there after giving a "Flag" pattern breakout on the daily chart.