Daily trend of the market is down
Market is taking some counterrally but we have to cautiously watch whether it is able to come out of its sideways zone or not. Till the trend is down, the readers may stay out of the market and not create any longs 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: Hind Oil, Tata Comm, Apollo Tyre, DCHL, Opto Circuit, Rel Capital, Havells, Escorts, OnMobile & Hexaware.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, S kumars, Areva, GVKPIL, Mc Dowell, Tulip, Punjlloyd, PFC & Ranbaxy.
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