Daily trend of the market is down
Market is moving sideways. One day it is touching resistance and breaking down and the next day it takes support and moves up. 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: Ispat Ind, Hexaware, Polaris, Wipro, TCS, Aurobindo Ph, Mphasis, Infosys, Tisco & HCL Tech
Weak Futures
This is the list of 10 Weak Futures: India Info, Escorts, Welcorp, LIC Housing, KFA, Ibrealest, Pantaloon R, SCI, Orbit Corp & UCO Bank.
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