Daily trend of the market is Up
Market has broken its immediate resistance zone and had come in uptrend. So the readers may create long positions in Nifty and hold them till the trend remains in uptrend
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit the longs in 4th august, may stay out of the market and do not create long positions in cash market till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Glenmark, Voltas, Tata Motors, Dabur, Apollo Hospital, Sun Pharma, Ranbaxy, HDFC, M&M and Bharat Forge.
Weak Futures
This is list of 10 Weak Futures: Unitech, JP Power, JP Associates, Andhra Bank, IDBI, Sun TV, Ibrealest, Jain Irrigation and IOB
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