Daily trend of the market is up.
As the market is overbought so now we are waiting for some correction to come. But 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: Jindal Steel, Bhushan steel, OBC, Tata Motors, Sterlite Indu, Chennai Petro, Unitech, Hind Zind, Century Text & Aban.
Weak Futures
This is the list of 10 Weak Futures: FinanTech, Bharti Airtel, McDowell, TV-18, Dish TV, Tata Comm, BEL, Triveni, MTNL & Bajaj Hind.
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