Daily trend of the market is Down.
Dow was unable to remain above the 9000 levels and hence has come in downtrend. The expectations from the world markets and Indian markets have not been met and temporarily the rally seems to be over
The recent developments in Indian sector and the Dow coming in downtrend has brought Indian Markets in downtrend.
The readers who had bought Nifty Futures at 2989 (approximately) on 1st January might have quitted their longs and booked loss on Friday when Nifty spot closed below 2900.
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Percentage above support
Percentage of stocks above support is also below 50% .So readers who had bought deliveries on 1st of January 2009 may quit them on 12th January and do not invest till the percentage above support remains below 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Guj. Alkali, Grasim, India Cem, Neyveli, Maruti, Can Bk, Balram Chini, Ultra Cem, Shree Cem & BEL.
Weak Futures
This is the list of 10 Weak Futures: LITL, Punj Lloyd, IVRCL Infrast, Ansal Infra, TVS Motors, Bombay Dyein, Strides Arcolab, DLF, HDIL & R Com
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