Daily trend of the market is up.
Technically a correction is needed in the market before it continues its upward momentum. 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: Voltas, Reding Ton, IVR Prime, Hotel Leela, NIIT Ltd., IVRCL Infra, Wel Guj, Tata Steel, Escorts & Rolta
Weak Futures
This is the list of 10 Weak Futures: Sunpharma, Cipla, Dabur, Bharti Airtel, Hind Uni Lvr, Dr. Reddy, ITC, Colpal, Lupin & Sterlin Bio
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