Daily trend of the market is up.
Nifty touched its psychological resistance level of 5000 and it seems that now the market may give us some correction .But as the daily trend is still 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: Orchid chem, Jindal Saw, IOB, Hindalco, Bank Of India, Allahabad Bank, Orient Bank, Tata Motors, Chenn Petro & India Hotl
Weak Futures
This is the list of 10 Weak Futures: Container. Co, Dish TV, Finance Tech, Cipla, Power Trading, MTNL, McDowell-N, Idea, TV-18 & BEL..
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