Daily trend of the market is up
It seems that the market has taken the support and has resumed its upward movement. But market may stay sideways in coming days. And as the 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.
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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: Reliance, Apollo Tyre, Mcleodruss, Welcorp, MRF, Escorts, Bhushan steel, Tech M, Reliance & TVS Motors.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, Areva, S Kumar, Educomp, Renuka, Punjlloyd, PTC, LITL & Sesa Goa.
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