Daily trend of the market is up.
The market has major support at 4900 – 4950, so it is expected that the market may resume its upward movement after touching its support. And 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: IOB, Orchid Chem, Educomp, Sun Pharma, BEL, Zeel, KFA, Ranbaxy, DCHL & Mphasis
Weak Futures
This is the list of 10 Weak Futures: TV-18, Idea, Grasim, Suzlon, Dish TV, Finance Tech, MTNL, Unitech LTD, GVK Power & Bharti Artel.
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