nifty loser-VEDL below 83.9 support may show 79 level


vedl stock chart 18 dec 2015
Vedanta Limited stock today was a top loser on nifty 50, the stock closed down by 3% plus on profit booking. After a recent low near 82 stock seen some buying as well as short covering rally up to 88-89. 90 is the strong resistance of 1-month trend channel.
On downside 83.9 is closing basis moving support of 1-week channel. If stock gives closing below it then expect downside up to 79 and 75. If sustain above 83.9 then it will be buying opportunity for target 90+.




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