Daily trend of the market is Up
Market is still very volatile but has not broken its immediate support. It seems that market may rise from current levels. Even though it is better to remain cautious the readers may go on holding longs in Nifty till the trend remains up.
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Percentage above support
Percentage of stocks above support is below 50%, so it is advisable that the readers do not create fresh long positions in cash market till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Arvind, Ruchi Soya, Delta Corp, Hind Uni Lvr, VIP Ind, Hero Motors, Max India, Ambuja Cement, TVS Motor & KS Oils. .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Jet Airways, SBI, Tata Power, Moser Baer, Exide Ind, RPower, GT Offshore, Bajaj Hind & Pantaloon.
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