Daily trend of the market is down.
Inspite of Repo, Reverse Repo cut the markets are unable to move up as over all trend is down. Let us see whether the ECB rate cut today is able to give some boost to the market, but it is doubt as sentiment and confidance is too low. On top of it the statement of bankruptcy by General Motors would also weigh on the market.
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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%
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Strong Futures
This is list of 10 Strong Futures: Amtek Auto, Ultra Cemco, Mphasis, Ashok Ley, Auro Pharma, Shree Cem, Maruti, Cipla, TVS Motor & Naukri.
Weak Futures
This is the list of 10 Weak Futures: Aban, Rolta, Ranbaxy, ICICI Bank, Syndicate Bank, Indian Bank, Wel Guj, NIIT, IOB & Yes Bank.
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