Daily trend of the market is up.
Market has strong resistance at current levels and hence the uncertainty is still continuing. These movements show that some big movement is ready either way. But as it 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: McDowell-N, Hind Zinc, Ranbaxy, Orchid Chem, Dena Bank, Jindal Saw, Recltd, Polaris, Indusind Bank & Tata Motors.
Weak Futures
This is the list of 10 Weak Futures: Rel Infra, Punj Lloyd, EKC, India Info, Abb Ltd, Hind Uni Lvr, Purva, Great Offshore, Aban Off shore & Sterling Biotech.
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