Daily trend of the market is down.
As the market was oversold so as expected the market is taking a counterally but till the trend remains in downtrend it is advisable not to create long positions in Nifty and stay away from the market
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Percentage above support
Percentage of stocks above support is below 50%, so is it advisable not to create any fresh long positions in deliveries __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Dr Reddy, Asian Paints, Ashok Ley, Crompton Greaves, PTC, Pir Health, Cummins India, Dabur, Colpal & National Alum
Weak Futures
This is the list of 10 Weak Futures: IOC, Suzlon, RCom, GMR Infra, EKC, MLL, Aban Off shore, Punj Lloyd, JP Hydro & Unitech.
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