Daily trend of the market is up.
The market has become overbought and now a healthy correction is needed. But as the daily trend is till up so the readers who are holding their longs in Nifty (bought on 25th August) may go on holding the long positions till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50% , so the readers who have invested in deliveries may go on holding them till the percentage of stocks above support remains more than 50%. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Bhushan Steel, Jindal Saw, Orient Bank, Tata Motors, India Bulls Retail, Unitech Ltd, Chennai Petro, Hindalco, Ster & Opto Circuits.
Weak Futures
This is the list of 10 Weak Futures: Power Grid, Bajaj Hind, Finan Tech, Mcdowell, MTNL, Tata Com, ITC, BEL, PTC & NTPC.
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