Daily trend of the market is down
The counterrally is continuing and the market is trading at its major resistance at current levels. If this resistance is broken then the trend will turn to uptrend. But 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 uptrend.
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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, Alok Ind, SRE Infra, Chambal Fert, Titan, Dena Bank, Dish TV, ICSA, Nagar Fert & Canara Bank.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, BRFL, Sail, Educomp, OnMobile, Pir Hearth, Idea, LITL, Apollo Tyre & Orbit Corp.
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