Daily trend of the market is down.
Today also the market has closed convincingly above the resistance of 3000, which has been able to provide good confidence. We have witnessed a strong rally from the bottoms.
Dow Futures are in plus at this time and so we expect the US markets also to close in positive at night which may trigger a positive opening in our market on Wednesday.
But till Nifty does not close above 3300, we will not call our market in uptrend on daily charts.
Intraday markets have been taking movements and it seems that once they catch the momentum they tend to remain in momentum in that direction. For this you may click on this link for intraday trend of nifty and other stocks, which is updated for an intraday player.
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Percentage above support
Percentage above support is still below 50% (today it is 25%) 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: Rajeshexpo, IDFC, LITL, Chamblfert,Bhushanstl, Dabur, Hindujaven, Educomp, GTL & Sterling Bio
Weak Futures
This is the list of 10 Weak Futures: Ndtv, Ivrprime, Auropharma, Amtekauto, Gitanjali, Nationalum, Jindal stainless, Suzlon, Purva & Uniphos.
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