Daily trend of the market is up.
Market is overbought and 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: Wel Guj, Tech M, Aban, Voltas, Skumar Sy NF, Suzlon, Bom Dyeing, NIIT Ltd, Alok Text & IVR Prime
Weak Futures
This is the list of 10 Weak Futures: Lupin, Colpal, Glaxo, Dabur, Cipla, Sterlin Bio, Hind Uni Lvr, Dr. Reddy, Bharti Airtel & Sun Pharma
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