Daily trend of the market is up.
As the market was heavily overbought, so the market has started going down for a correction. But the daily trend is still up, so 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.
As per the Delivery sms service our registered members have made a good profit since march 20th March till date.Check the performance till May here .
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Strong Futures
This is list of 10 Strong Futures: Voltas, Redington, 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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