Daily trend of the market is down.
As per our systems market is still below 50% and we are not interested in buying although it seems that the market is somewhere near the bottom. But since last two months investors around the world have been only searching for a bottom, but they have found everything but a bottom.
There is an advantage of following a particular system such as Technicals, which follows the trend and the trend of market is down. We will buy only when the Technical system gives a long term buy signal.
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Percentage above support
Percentage above support is still below 50% (today it is 6%) 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, Hind Petro, Glaxo, IOC, BPCL, GTL, NTPC, Sterlin Bio, Power Grid & Hind Zinc
Weak Futures
This is the list of 10 Weak Futures: Parsvnath, Rel Capital, HDIL, Orchid Chem, Gitanjali, Purva, Matrix Labs, Ansal infra, Amtek Auto & Uni Tech.
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