Daily trend of the market is sideways.
Our market is under performing all the other markets of the world. The international markets are heavily overbought and it is expected that they take some correction in coming future, so when that happens then our market will take a bigger correction .
It is advisable that the readers who bought Nifty on 16th July quit their longs and stay away till more clarity comes in the market ______________________________________________
Percentage above support
Percentage of stocks above support is lesser than 50% so the long term investors do not invest in deliveries till the percentage support remains below 50%
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Strong Futures
This is list of 10 Strong Futures: Bharat Forge, Patni, Cummins India, Shree Renuka, Tata Motors, FSL, HCL Tech, Mphasis,J indal Saw & GT Offshore
Weak Futures
This is the list of 10 Weak Futures: Suzlon, Chambal Fert, Divi'S Lab, Indn Hotels, Nagarjun Fertil, Patel Engineering, Hero Honda. Pantaloon Retail, Educomp & MLL
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