Daily trend of the market is down.
Dow closing 11% higher yesterday which is probably its highest rise in last 50 years and Nikkei going up by more than 14% in a single day which is its largest rally ever. This goes to show that markets worldwide are trying to form a bottom, but bottoms are not made in one day and they take time. Our Indian stock Market today did not close very well and remained in sideways consolidation. Overall an upward rally is expected once the global scenario stabilizes
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Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk.
Weak Futures
This is the list of 10 Weak Futures: Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr..
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