Daily trend of the market is down.
Markets around the world are still bearish. A possible trigger for the markets to rise might be a fall in the Dollar, again for which we will have to wait. Gold and other metals would move only if Dollar Index falls .
We are still waiting for nifty to close above 3200 before taking any buy positions in the market.
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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: TTML, Union Bank, Hind Zinc, GTL, Bank of India, Dabur, CESC, Hind Petro, Bhushan Steel & Andhra Bk.
Weak Futures
This is the list of 10 Weak Futures: IVR Prime, Tata Steel, NDTV, Unitech Ltd, Gitanjali, Suzlon, Amtek Auto,Tata Motors, Purva & Uniphos.
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