Daily trend of the market is down
Market could not take support and had became very volatile, while continuing its steep fall. Though market has now become oversold and 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.
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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: Hexaware, Arvind, Ranbaxy, Bombay Dyeing, Jindal Saw, Educomp, ACC, Ambuja Cement, LIC Housing & Infy .
Weak Futures
This is the list of 10 Weak Futures: Pantaloon, Sintex, Orchid Chem, Sun TV, KFA, Rolta, Sterlite, S Kumar, Rel Capital & Essar Oil.
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