Daily trend of the market is Up.
Most of the world markets are in uptrend and they will become more stronger as they go up.
The trend of Indian market is also up and we assume that the readers might be long in Nifty Futures bought at 2989 (approximately) on 1st January. You may go on holding the same till the trend remains in uptrend
If Nifty spot closes below 2900 then it will become negative for the market.
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Percentage above support
Percentage of stocks above support is more than 50% .So readers may be long in deliveries bought on 1st of January 2009. Go on holding the deliveries till the percentage above support remains above 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Sterlite Tech., India Info, JP Associat, Nagar Const, Dena Bank, Adlabs Film, Hind Zinc, ICICI Bank & Bajaj Hind.
Weak Futures
This is the list of 10 Weak Futures: Bhushan Steel, Bharti Airtel, Sterlin Bio, Satyam, TVS Motors, KPIT, Redington, Sunpharma, CMC & Colpal
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