Daily trend of the market is down.
Overall world markets are still not showing any sign of bottoming out. Our market is now becoming heavily oversold, and in such oversold markets a very strong rally upside is expected
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 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: Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.
Weak Futures
This is the list of 10 Weak Futures: Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, Nagarjuna constr & Ndtv Ltd.
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