As market had become overbought so it is giving a much needed correction. But overall trend is still up. So the readers who had created long positions in Nifty on 20th Feb may go on holding them till the trend remain up.
Percentage above support
Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 20th Feb may go on holding them till the percentage above support remains more than 50% .
This is list of 10 Strong Futures: Voltas, Adani Ports, Hind Petro, Aurbindo Pharma, Adani Eneterpris, CESC, Titan, PTC India, Apollo Tyres & Siemens .
This is list of 10 Weak Futures: Unitech, NTPC, Steel Authority, BOI, RCOM, India Bulls, SSLR, NMDC, Tata Steel & JP Power.
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