Daily trend of the market is down.
Overall trend of the world markets is still down.Even our percentage above support has still not been able to come above 50%, so we cannot buy deliveries as mentioned below. Fundamentally the news is only get from bad to worse with unemployment in US at a decade high and news of 2 more small banks in US going bad. The only ray of hope is that the world markets have somehow got used to all the bad news and the markets have comparatively stabilized.
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Percentage above support
Percentage above support is still below 50% (today it is 17%) 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: Rajesh Expo, LITL, Union Bk., Can Bk., Hinduja Ven, GTL, IDFC, Divis Lab, Bhushan Stl & HCC
Weak Futures
This is the list of 10 Weak Futures: NDTV, Tisco, Ivr Prime, National Alum, Unitech, Telco, Auro Pharma, Purva, J Stainless & Uni Phos
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