Daily trend of the market is down.
Overall world markets are in sideways consolidation zone. The positive part is that Dow and S & P 500 have bounced 20% from their lows which shows that they are trying to form bottoms technically, though it will be too early to say as fundamental scenario is still not that good. The Indian Markets today tanked without any much reason. A decisive closing above 3600 Nifty level will be a signal for a small rally.
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Percentage above support
Percentage above support is still below 50% (today it is 4%) 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: Ivrcl, Ndtv, Aptech, Ivr prime, Niit, Wel guj, Aban, Bajaj hind, Jindal Steel & Nagar const
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