Daily trend of the market is down
Market has touched its major support of 4800 and has also become oversold. A couter rally is expected from here. Till the trend of the market remains down the readers may not create long positions and stay away from the market.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may not create longs in deliveries till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Suzlon, Renuka, Adanient, EKC, SRE infra, IFCI, PTC, S Kumars, Educomp & Triveni.
Weak Futures
This is the list of 10 Weak Futures: Patni, Hind Uni Lvr, Cipla, Idea, Apollo Tyre, Hero Motors, KFA, Zeel, PFC & Tata Chem.
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