Daily trend of the market is up
Market is still taking a much needed correction which will reduce the overbought aspect of the market. Then the market will be able to move up again. But till the trend remains up, the readers who had created long positions in Nifty on 10th Jan, may go on holding them.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who are holding long positions in cash market may hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: JSW Energy, Rel Infra, NCC, Rel Capital, IVRCL Infra, ABB, Vip Ind, Renuka, UCO Bank & Suzlon
Weak Futures
This is the list of 10 Weak Futures: Bhel, Apil, BRFL, Tulip, Biocon, Dabur, BEL, Gail, Hind Uni Lvr & Bajaj Holding.
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