Daily trend of the market is down
The market is trading at its immediate resistance which is very crucial to determine further movement of the market. If this resistance is broken then the trend may change to up but if market falls from here then we may see further correction. So present levels have to be tracked very carefully . And till the trend remains down the readers may stay away from the market and do not create long positions.
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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: Chambal Fert, Hero Motors, TVS Motor, Jubilant Food, Bajaj Auto, VIP Ind, Arvind, Mundra Port, Idea & M&M .
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Educomp, Nagar Fert, Moser Baer, Jet Airways, Polaris, Triveni, IVRCL Infra, Escorts & GT Offshore.
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