Daily trend of the market is down.
Inspite of market falling today,three positive things have emerged.Firstly the falling of market upto 3600 levels which is a 50% retracement of the previous rally.Secondly SEBI allowing the Participatory notes to be issued after removing the restriction of 40% and thirdly there has been CRR cut today, so we expect the markets can go up tomorrow on tuesday provided the asian markets are also positive.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) so we recommend that no delivery should be bought at current levels.
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Strong Futuers
This is list of 10 Strong Futures: Bpcl, BPCL, TVS Motors, HPCL, Hero Honda, Lupin, UBI, Hindustan Uni, PNB, Mosear Bear & Indian Bk
Weak Futures
This is the list of 10 Weak Futures:Rajesh Ex., 3I infotech, Praj Inndustr, NIIT, Aptech Training, HDCL, Sterlite Tech, JSW Steel, S Kumar & LT
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