Daily trend of the market is down
Market has taken a good bounce from its oversold level but resistance is also very near. Now it has to be seen whether market crosses its resistance or not. And as overall trend is down, the readers may stay out of the market and do not create any long positions till the trend remains 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: Welcorp, Fortis, Tulip, TV18, Finan Tech, Opto Circuits, Andhra Bank, Bank Of Baroda, BRFL, Dish TV.
Weak Futures
This is the list of 10 Weak Futures: Unitech Ltd, Patel Eng, BEML, IVRCL Infra, RCOM, Punjlloyd, Moser Baer, Rel Capital, LITL,Rel Media.
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