Daily trend of the market is down
The market has now become oversold and also the clearing is approaching so a small counterrally is expected. But a the trend of the market is down, so the readers may stay away from the market and no not create long positions till the trend remains in downtrend.
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Percentage above support
Percentage of stocks above support are below 50%, so the readers who had created long positions in deliveries may now quit their positions and do not create fresh long positions till percentage of stocks above support remains less then 50%.
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Strong Futures
This is list of 10 Strong Futures: Triveni, Cummins India, Gtl Ltd, Sun TV, GTL Infra, Titan, Idea, Allahabad Bank, Power Grid & ITC.
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, DLF, HDIL, Suzlon, India Info, GT Offshore, LITL, Educomp, Jindal Saw & Polaris.
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