Daily trend of the market is up
Market has taken support and resumed its upward momentum. So as overall trend of market is up, the readers who had created long positions in Nifty when it closed at 5532 may go on holding the longs till the trend remains up.
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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 marketand do not create long positions in cash market till the percentage of stocks above support does not come more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Apollo Tyre, Reliance, Mcleodruss, Escorts, Nat Alum, Welcorp, Tech M, Essar Oil, Bhushan Steel & HDIL.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, Areva, GVKPIL, Punjlloyd, Educomp, S Kumars, LITL, GT Offshore & Vijaya Bank.
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