Daily trend of the market is up.
Though market is overbought and has a resistance at 5100- 5150 but it seems that the festive sentiment may take the market further up. So as the daily trend is still up, 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: DCHL, Sesa Goa, PTC, Nagarjuna Const, Dena Bank, HCC, Indian Bank, LITL, IOB & Canara Bank.
Weak Futures
This is the list of 10 Weak Futures: RCom, Idea, Bharti Airtel, MTNL, Grasim, Suzlon, TTML, Ambuja Cement, India Cement & Lupin
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