Daily trend of the market is Up
Even though market came in uptrend a few days back but is unable to move up. Its first support is also nearby we will have to wait and see whether market is able to take support and move up or not. Market as such is moving in a small zone and break of this zone either side will give fresh direction. Till the trend of our market remains up we will have to hold the longs.
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Percentage above support
Percentage of stocks above support is now below 50%, so it is advisable that the readers quit longs in cash market and do not create fresh long positions till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Arvind, Delta Corp, VIP Ind, Hero Motors, Hind Uni Lvr, Chambal Fert, TVS Motor, Ambuja Cement, Max India & GSPL. .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Jet Airways, Educomp, RPower, GT Offshore, Triveni, Moser Baer, Exide Ind, HDIL & Mphasis.
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