As market has become overbought, so it may remain sideways and even give some
correction in coming days. But as overall trend is still up, so the readers who
had created long positions in Nifty on 20th Feb may go on holding
them till the trend remain up.
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Percentage above support
Percentage of stocks above support is still above
50%, so the readers who had created long positions in cash market on 20th
Feb may go on holding them till the percentage above support remains more than
50% .
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Strong Futures
This is list of 10 Strong Futures: Adani Power,
Ashok Leyland, HDIL, Union Bank, India Cement, Unitech, Ranbaxy, Apollo Tyres,
Steel Authority & Oriental Bank.
Weak Futures
This is list of 10 Weak Futures: M&M Fin,
Infosys, Sun Pharma, Dr. Reddy, Jubl food, Tech Mahindra, HCL Tech, UBL, Divi
Lab & Gail.
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