Daily trend of the market is up.
We have seen the rebounding of Dollar index on higher side and also the market has taken strong resistance and has started its correction .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, Orchid Chem, McDowell-N, BPCL, Divi'S Lab, Dena Bank, Hind Zinc, Cipla, Suzlon & PFC.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, Tata Comm, Rel Infra, Purva, Bajaj Hind, Ansal Infra, Punj Lloyd, Triveni, Sterling Biotech & Brfl.
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