Daily trend of the market is up.
Nifty is in strong uptrend and now had become heavily overbought .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, IOC, Lic house, Jindal Saw, Allahabad Bank, Bharat Forg, Bajaj Auto, Hindalco, Sesa Goa & Ranbaxy
Weak Futures
This is the list of 10 Weak Futures: TV-18, Finance Tech, Triveni, Dish TV, Rural Elec, United Phos, Tulip, Asian Paints, ONGC & MTNL
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