Daily trend of the market is down
As the market is oversold we do expect a small counerrally in the market. But as 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 it is advisable that the readers do not create fresh long positions in cash market till percentage of stocks above support remains less then 50%.
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Strong Futures
This is list of 10 Strong Futures: Sun TV, Triveni, Pantaloon Retail, Bank of Baroda, GTL Infra, Titan, Cummins India, Indian Bank, Crompton Greaves & Indusind Bank.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, Orchid Chem, Praj Industry, IOB, GT Offshore, India Info, Moser Bear, EKC, TV-18 & KFA.
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