Market is still moving down and unable to take
support, but now it has become oversold so it is expected to give a counter
rally. But as the daily trend is still down the readers may then stay out of
the market and so not create any long positions till the trend remain down.
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Percentage above support
Percentage of stocks above support is still below 50%,
so the readers may not create any long positions till percentage above support
remains less than 50% .
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Strong Futures
This is list of 10 Strong Futures: Colpal, Asian
Paint, Bhushan Steel, BPCL, Bata India, Hind Uni Lvr, TCS, Titan, Ruchi Soya
& Patni.
Weak Futures
This is list of 10 Weak Futures: NCC, GMR Infra,
GVKPIL, Unitech, Sintex, HDIL, LITL, Adani Power, Rolta & India Info.
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