Daily trend of the market is down.
Senate has passed the 700 bn dollar package and now it has to be passed by the house of Representative. The Asian markets are not really reacting to it. Let us only hope that once it is totally passed then the best case scenerio will be that the markets might stop falling. At current levels markets are overall bearish. Overall trend of the world markets is still down.
Till Nifty spot does not close above 4300 levels, we are not very hopeful for the market to take a big rally
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Percentage above support
Percentage above support is still below 50% (today it is 13%) 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: TVS Motors, BPCL, Indian Bk, BOB, Axis Bk, ACC, Hero Honda, Lupin , Hind Petro & HDFC
Weak Futures
This is the list of 10 Weak Futures: IVR Prime, NIIT, Aptech training, Sterlite technol, Rajesh Exports, JSW Steel ltd., Kpit, HDIL, Ranbaxy & S Kumars .
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