Daily trend of the market is down
Market has support at current levels from where a counter rally is expected. But as overall trend of the market is still down, the readers may stay away from the market and do not create long positions in Nifty till the trend remains down. ___________________________________________________________
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: Hexaware, Bombay Dyeing, Arvind, DLF, Jindal Saw, JP Associate, Educomp, Mundra Port, Ranbaxy & Infy .
Weak Futures
This is the list of 10 Weak Futures: Pantaloon, Sintex, Sun TV, KFA, Orchid Chem, Rel Capital, Jindal SWHL, Jet Airways, JSW Steel & Rolta.
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