Daily trend of the market is down
As expected market remained very volatile and it is now expected to settle down and consolidate at current levels given new directions. Overall trend is still down since 7th January when it closed at 5905, so 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, ITC, Canara Bank, HDIL, Nat Alum, Cairn, BRFL, Dabur India, Pir Health & Core Protect.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, DCHL, Aurobindo Ph, Punjlloyd, BGR Energy, Rcom, Unitech, GT Offshore & KFA.
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