Daily trend of the market is up
Market is very volatile and has major support at current levels, which if broken then the trend may turn to down. But till the trend of market remains 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 market and 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, Rel Capital, Mcleodruss, MRF Ltd, Welcorp, Bhushan steel, Tech M, Reliance, Oriental Bank & ABB..
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, Areva, S Kumar, Educomp, Punjlloyd, GT Offshore, GVKPIL, Renuka & PTC.
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