Daily trend of the market is down
Market has become oversold and some counterrally is expected. 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, Nat Alum, Mundra Port, Dabur India, Syndicate Bank, Educomp, BRFL, HDIL, Canara Bank & Polaris..
Weak Futures
This is the list of 10 Weak Futures: Aurobindo Ph, Patel Eng, DCHL, Punjlloyd, Unitech, Rcom, GT Offshore, Bajaj Hind, Orbit Corp & Jindal SWHL.
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