Resources shares face technical selling pressure

Reuters Market Eye - Resources stocks under pressure below or around their 200-day moving average (DMA) after NSE broke key support on Tuesday.

The Sensex and Nifty closed below important support of 50-dma on Tuesday, first time since Aug. 8.

Jindal Steel and Power , Cairn India , and Tata Steel slump as each has fallen below their 200-dma.

Hindalco Industries , and NMDC drop as they are hovering just above the 200-dma.

(Reporting by Abhishek Vishnoi)