Daily trend of the market is up
Market is very volatile and is moving in a small range, one day it goes near its support, next day it bounces back. We can only wait for the market to come out its sideways zone and give fresh direction. But 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: Rel Capital, Apollo Tyre, Mcleodruss, Welcorp, TVS Motor, MRF, Bhushan Steel, Rcom, Tech M & Ambuja Cement.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, Areva, S Kumars, Central Bank, LITL, Educomp, Sesa Goa, Punjlloyd & GVKPIL.
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