Daily trend of the market is up.
Market is taking strong resistance at current levels and is still unable to cross it . So the uncertainty is still continuing. But as nifty is still in uptrend so the readers who are holding their longs in Nifty (bought on 26th November) may go on holding till the trend of nifty is in uptrend.
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Percentage above support
today again percentage of stocks above support has come above above 50%, but as market is volatile so it is better not to invest fresh in deliveries and remain away from the market till some more clarity comes in the market
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Strong Futures
This is list of 10 Strong Futures: Ranbaxy, Bajaj Auto, Orchid Chem, Hotel Leela, ACC, Chambal Fert, Idea, Sail Ltd, India Cement & Ambuja Cement.
Weak Futures
This is the list of 10 Weak Futures: Orient Bank, Tata Comm, Ivrcl Infra, Renuka, Lic house, IOB, Aban Off shore, Allahabad Bank, Andhra Bank & RNRL.
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