Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 17th Oct between 11.00 am till 12 noon on Programme Sauda Aapka..
Daily trend of the market is down.
Technically the markets are showing first signs of bottoming, though it will be take some time for this to happen. Today Indian Markets after opening sharpely down, started an upward rally but a normal profit booking at higher levels again brought the market down. Overall world markets are in sideways consolidation zone.
It has to be seen how Dow closes today. If dow closes strong then the much expected rally in our markets will be seen on Friday. A decisive closing above 3600 Nifty level will be a signal for a short term rally.
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Percentage above support
Percentage above support is still below 50% (today it is 7%) 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: Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro
Weak Futures
This is the list of 10 Weak Futures: Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr
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