Daily trend of the market is down
Market has been very volatile but has become oversold. And as the budget sessions are near, so expect volatility to remain in the market. Technically, market is trading at its immediate support from where some counter rally is expected. Overall trend is still down, 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: Nat Alum, Welcorp, BRFL, Educomp, Bata India, Dabur India, Core Protect, Jindal Saw, Siemens & Cairn.
Weak Futures
This is the list of 10 Weak Futures: Aurobindo Ph, Punjlloyd, Patel Eng, DCHL, GT Offshore, IVRCL Infra, KFA, Orbit Corp, Jindal SWHL & Unitech.
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