Daily trend of the market is down.
RBI’s decision to reduce the repo rate by 1% brought a temporarily relief to the market but the higher levels could not sustain due to profit booking. Overall the market is in a sideways consolidation zone. We can only wait for the market to come out of its sideways zone.
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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: Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl
Weak Futures
This is the list of 10 Weak Futures: Bom Dyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
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