Daily trend of the market is down
Market has broken its major support and has come in downtrend. So the readers who had been holding longs since 5th Dec may now quit the long positions and stay out of the market.
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Percentage above support
Percentage of stocks above support is below 50%, so the readers may not create long positions in cash market and wait for the percentage of stocks above support to become more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Wipro, Patni, Havells, TCS, Orbit Corp, Pir Health, JP Power, Cipla, ABG Ship & Alok Ind.
Weak Futures
This is the list of 10 Weak Futures: VIP Ind, Renuka, HDIL, BGR Energy, Suzlon, Delta Corp, Essar Oil, GMR Infra, Ibrealest & LITL.
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