Daily trend of the market is down.
The global markets tanked as usual because the overall trend of the world markets is down, which we have been repeatedly mentioning and it is foolish to go against the trend. Though at times one does get profits when there is a counterrally. The credit crises in most of the countries is still far from over and it seems fundamentally that it might take another 4 to 6 months for the problems to be over, but a contrarion silver lining might be that majority of the analyst are bearlish and when majority is bearish, then the markets tend to give a rally.
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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 Futures
This is list of 10 Strong Futures:Hero Honda, Maruti,UBI, NTPC,PNB, Indian bk, National Alumini, Glaxo, Power grid & Sterling biotech.
Weak Futures
This is the list of 10 Weak Futures: Ivr prime, Sobha, 3IInfotech, NIIT, Aban, Bom Dyeing, HDIL, Jsw Steel & S kumar.
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