Daily trend of the market is Up.
The failure of Dow to close above the 9000 levels remains a cause of concern to the world markets.
Our Indian market is moving in a sideways consolidation zone. But as the markets are in uptrend so we presume that the readers are long in Nifty Futures bought at 2952 (approx.) on 11th December . You may go on holding the longs till the markets remains in uptrend.
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Percentage above support
Percentage above support came above 50% on 15th December, so we assume that the readers might have bought deliveries on 16th December when nifty opened at around 2970 and will be holding them. We plan to go on holding them till percentage does not comes down below 50%
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Strong Futures
This is list of 10 Strong Futures: Bajaj Hind, Matrix Labs, DLF, Patel eng., HDIL, Balram Chin, GMR Infra, Amtek Auto, Aptech & Biocon
Weak Futures
This is the list of 10 Weak Futures: Satyam, J Stainless, Bhushan Steel, Redington, Roltas, Jindal Saw, GT Offshore, Nucleus & BRFL
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