Daily trend of the market is down
Market has broken its major support and has now come in downtrend. So the readers who had been holding their longs since 7th September may now quit the longs and stay out of the market till the trend remain down.
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Percentage above support
Percentage of stocks above support is now below 50%, so the readers who had been holding longs in cash market, may quit them and not create any fresh position till percentage above support remains below 50% ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Orchid Chem, ABG Ship, Biocon, Federal Bank, Vijaya Bank, Ibrealest, Canara Bank, IDBI, Chambal Fert & Bhushan Steel.
Weak Futures
This is the list of 10 Weak Futures: GVKPIL, Bharti Airtel, Finan Tech, GMR Infra, TV-18, IVRCL Infra, Praj Ind, BGR Energy, Aban Off shore & Welcorp.
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