Daily trend of the market is down.
The market has closed below its major resistance of 4450, now it has to be seen whether it breaks this resistance and comes in uptrend or not. 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 and stay away __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Bajaj Hind, Indus Ind Bank, Edu Comp, IVRCL Infra, Yes Bank, JP Hydro, IDBI, Axis bank, Patni & LIC Housing Finance
Weak Futures
This is the list of 10 Weak Futures: BRFL, Ispat Ind, Nation Aluminium, India Cement, Sterlin Bio, CESC, Tata Motors, Bharat Forge, Orchid Chem & Sun Pharma.
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