Daily trend of the market is dowm
Market is very volatile and has broken its support and come in downtrend. So the readers who had bought nifty may now quit them and sdo 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 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: Mcleodruss, OnMobile, Rel Capital, Welcorp, Escorts, MRF, Apollo Tyre, Ambuja Cement, ABB & Oriental Bank.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, S Kumars, Areva, Pantaloon R, Punjlloyd, GVKPIL, LITL, Educomp & Jindal SWHL.
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