Daily trend of the market is down
Market is still sideways and it seems that it may consolidate at current levels and then only give any fresh signals. But as long trend is still down, so it is advised to stay away from the market and not create any longs positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is above 50%, but it is advisable not to create fresh longs position and wait for market to settle down and then only create long positions in cash market. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: ABG Ship, Orchid Chem, Dena Bank, Canara Bank, Vijaya Bank, UCO Bank, Syndicate Bank, TCS, Renuka & Andhra Bank.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, GMR Infra, Apollo Tyre, Pir Health, BRFL, Sesa Goa, Ispat Ind, Wipro, Idea & JSW Steel.
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