Daily trend of the market is up.
On clearing day we did observe volatility in the market and also the market was able to come till its support of 4900. Let us see whether the market is able to resume its rally. 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: IOC, Uco Bank, Orchid chem, Dena Bank, Allahabad Bank, HCC, Ranbaxy, Bharat Forg, Jindal Saw & Lic house
Weak Futures
This is the list of 10 Weak Futures: TV-18, Tulip, Finance Tech, Suzlon, MTNL, Nagarjuna Fertil, United Phosphoro, GVK Power, Rural Elec & Tata Comm.
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