Daily trend of the market is up.
Even though market is heavily overbought, the upward rally is continuing. Technically a correction is needed but the readers who are long in Nifty since 20th March, may go on holding their longs till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50%. Long term investors who bought deliveries on 20th March may go on holding the deliveries till the percentage above support remains above 50%.Part profit booking is recommended as market has become heavily overbought now.
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Strong Futures
This is list of 10 Strong Futures: IVR Prime, Brigade, Ansal Infra, NIITL Ltd., Voltas, Hotel Leela, Indusind Bank, HCC, Unitech & Finan Tech
Weak Futures
This is the list of 10 Weak Futures: Sunpharma, Cipla, Dabur, Hind Uni Lvr, Tata Tea, Lupin, Bharti Airtel, Colpal, ITC & Dr.Reddy
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