Daily trend of the market is down.
The market could not cross its resistance at 4450 and has started coming down. So as the trend is still down so is it recommended that no long positions in Nifty be created till the market does not come in uptrend
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Percentage above support
Percentage of stocks above support is barely 50% so it is recommended that the long term investors do not create any fresh positions in deliveries. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Edu Comp, Tulip, Patel Eng, Colpal, Yes bank, Indus Ind Bank, GT Off Shore, Union Bank, Indian Bank & JP Hydro
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Sun Pharma, Ispat Ind, India Cement, Idea, CESC, Bharat Forge, Tata Motors, BRFL & Sterlin Bio
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