Daily trend of the market is down
The counterrally is still continuing. There is strong resistance at current levels. And as overall trend is still down, so it is advisable that the readers may not create long positions in Nifty and stay away from the market till it does not come in upttrend.
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Percentage above support
Percentage of stocks above support has come above 50%, but it is still advisable to wait for a day or two more and then start creating long positions in cash market ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Apollo Tyre, Ruchi Soya, UCO Bank, BPCL , Ispat Ind, Dish TV, KFA, Indian Oil, Bhushan Steel & Tata Comm.
Weak Futures
This is the list of 10 Weak Futures: SuzlonHero Honda, Orbit Corp, KS Oils, Punj Llyod, Ivrcl Infra, Hexaware Ltd, Chennai Petro, Educomp, HDIL & Sesa Goa.
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