Daily trend of the market is Down.
Oil and other metals took a rally on Friday which shows that some demand is coming in metals. Even Shanghai Index was rising last week which is a small bullish sign.
US Markets are also trying to find support near 8000 Dow Index. Expect a small counter rally in the coming week.
But till the trend of the market remains in downtrend we would recommend no buying positions be created
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Percentage above support
Percentage of stocks above support is below 50% .So no investment in deliveries should be done till the percentage above support remains below 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Polaris, Balrampur Chini, Power Grid, Ultra Cem, Neyveli, BEL, Hero Honda, Colpal, Naukri & Matrix Labs.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Aban, IVRCL Infra, DLF, Zeel, Punjlloyd, Nagar Const, Welguj, TVS Motor, Kotak Bank & Siemens.
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