Nifty Index Stocks Giving Negative Breakout, Stocks to Short Sell Today

Nifty index stocks that has broken below support level, gave a negative breakout. Hire is the list of them:
1. Reliance: Stock has broken support level of 900 level and so it’s a selling opportunity on charts.
2. State bank of India: SBIN has been negative after the results were announced and S&P has downgraded it. On break below 2000 level stock has become extremely negative.
3. BHEL: On announcement of IIP this month, this stock was beaten down by about 30%. An still stock is correcting each day after IIP release. Hence it is selling opportunity unless we see change in sector fundamentals.
4. DLF: Real estate has not performed after the fall of 2008, since then DLF stock is in down trend and is selling opportunity on every bounce, but as markets corrected DLF has opened new leg for downside towards 180 level.
5. Hindalco: Globally, aluminium prices were hit by strong US dollar and lower demand in domestic market. Mining activities also saw a hit when mining sector in IIP recorded contraction of sector. So hindalco is selling opportunity on chars.
6. Sesagoa: Soon after Supreme Court ordered a CBI enquiry for the mining scam that was happening in areas of GOA and Bellary in Karnataka. Supreme Court also ordered temporarily stoppage of all mining activities. Hence hitting the production for company, our advice is short sell after the negative breakout below 210 level.
So these were the stocks that can be shorted in future contract for decent down move in coming trading sessions.