Daily trend of the market is down
After touching its resistance market has started falling down and is very volatile and also market has support very near by. Break from either support or resistance will give new direction for the market. Majority of the world markets are in uptrend but Indian market is still in downtrend. So till the trend remains down the readers may stay out of the market and wait for it to come in uptrend before creating long positions.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may still stay out of the market till the percentage of stocks above support does not come more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Hexaware, Ispat Ind, AREVA, HCL Tech, Wipro, Polaris, Petronet, KS Oils, Tata Motors & Dabur
Weak Futures
This is the list of 10 Weak Futures: Welcorp, LIC Housing, KFA, Escorts, Ibrealest, India Info, UCO Bank, Orbit Corp, STR Tech & Jindal SWHL.
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