Daily trend of the market is Up
Market has now become overbought and needs some correction but as the trend is still up, the readers who have created long positions in Nifty (bought on 30th December) may go on holding the longs till the trend remains in uptrend
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Percentage above support
Percentage of stocks above support are still above 50%, so the readers who have created long positions in deliveries may go on holding them till percentage of stocks above support remains more then 50%.
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Strong Futures
This is list of 10 Strong Futures: Purva, GTL Infra, Finance Tech, MTNL, UCO Bank, SCI, BEML, DCB, Dish TV & Pantaloon Retail.
Weak Futures
This is the list of 10 Weak Futures: Jindal Steel, LITL, Reliance, Maruti, Balrampur Chini, Hind Uni Lvr, State Bank Of India, Glaxo, HDFC & McDowell-N.
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