Watch our Analyst (Neera Jain) discuss stocks at NDTV Profit on 26th August between 1.30 pm till 2 pm on programme “Buy/Sell”
Daily trend of the market is down
The clearing is over and now market is expected to settle down. Market has good support at current levels, so some counter rally is expected. But as over all trend of the market is still down since 28th July, so the readers may stay away from the market and do not create long positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable not to create long positions will the percentage above support remains below 50%
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Strong Futures
This is list of 10 Strong Futures: Bata India, Idea, Jubilant Food, Chambal Fert, Ruchi Soya, IGL, Jain Irrigation, Bajaj Auto, GTL Infra & Asian Paints .
Weak Futures
This is the list of 10 Weak Futures: Educomp, IVRCL Infra, Jet Airways, KS Oils, Triveni, GT Offshore, OnMobile, MLL, DCHL & PFC.
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