Daily trend of the market is Up
Market has today broken its first resistance and has come in uptrend. But majority of the world markets are still in downtrend. We will have to wait and whether the world markets are able to come in uptrend or not. But as our market is now in uptrend so the readers may create long positions in Nifty and hold them till the trend remains up.
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Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable for the readers to not to create long positions till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Educomp, Bombay Dyeing, DLF, Tata Motors, IDFC, Hexaware, Infy, Arvind, Sun TV & ACC.
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Rolta, Pantaloon, Sintex, KFA, Adanient, SCI, Jain Irrigation, ABB & Voltas.
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