Daily trend of the market is up.
On long term charts market is still above its support and it seems that the market make take the correction till the long term support zone, but 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: Bajaj Hind, Yes Bank, Balrampur Chini, Asian Paints, Indusind Bank, Colpal, Andhra Bank, Dabur, Hind Zinc & Allahabad Bank..
Weak Futures
This is the list of 10 Weak Futures: Punj Lloyd, Idea, RCom, Aban Off shore, Grasim, Unitech, JP Hydro, Bharti Airtel, Suzlon & Hind Petro
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