Daily trend of the market is up
As expected market has taken resistance and is taking a much needed correction. We will have to wait for the correction to be over before market can resume its upward moemtum. So as the over all trend of the market is up, the readers who had created long positions in nifty on 27th December may go on holding the long positions till the trend remains in uptrend.
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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, Praj Ind, Bata India, Jindal Saw, Polaris , Hind Oil, Hind Uni Lvr, Sesa Goa, Isptat Ind & Alok Ind.
Weak Futures
This is the list of 10 Weak Futures: Recltd, Indian Bank, Oriental Bank, Canara Bank, Bajaj Auto, Federal Bank, UCO Bank, Syndicate Bank, BPCL & Dena Bank.
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