Daily trend of the market is Up
Even though the market has become overbought now and some correction is needed, 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 ho 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: National Alum, Bhushan Steel, Hindalco, MLL, Finance Tech, Essar Oil, Aban Off shore, Century Text, Pantaloon Retail & Praj Industry.
Weak Futures
This is the list of 10 Weak FuturesMaruti, GT Offshore, Orchid Chem, Mphasis, Hero Honda, TCS, Hind Uni Lvr, HDFC, Pir Health & GVKPIL.
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