Daily trend of the market is up.
After giving the correction till its support of 4600, market has started going up again. So as the daily trend is still up, the readers who are holding their longs in Nifty (bought on 25the 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: Aban Off shore, Orchid Chem, Bhushan Steel, Mphasis, Unitech Ltd, DCHL, ICSA, Ansal Infra, Orient Bank & Praj Inds.
Weak Futures
This is the list of 10 Weak Futures: India Cements, Tulip, Dr Reddy, Sesa Goa Ltd, Mtnl Ltd, KFA, MLL, BEL, Power Grid & Neyveli Lignite.
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