Daily trend of the market is down
Market has broken its major support levels and has come in downtrend. So the readers who had been holding longs since 27th December may now quit their longs and remain out of the market till trend remain down.
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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: Jindal Saw, Hexaware, Bata India, Praj Ind, Hind Zinc, Glaxo , Sun Pharma, Ispat Ind, Tata Power & HCL Tech.
Weak Futures
This is the list of 10 Weak Futures: Indian Bank, Yes Bank, TVS Motor, JSW Steel, Syndicate Bank, Bajaj Auto, Recltd, Oriental Bank, Indus Ind Bk & Escorts.
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