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