Daily trend of the market is down
Market is taking a counerrally. But as overall trend is still down, so the readers who had quit their longs in Nifty on 7th January may stay out of the market and do not create any long positions till the trend remains down
Percentage above support
Percentage of stocks above support is above 50%, so the readers my create long positions in cash market and hold them till the percentage above support remains above 50%.
Strong Futures
This is list of 10 Strong Futures: Ashok Leyland, TVS Motors, Adani Ports, SKS Micro, Asian Paints India Bull Fin., United Breweries, Adani Enterprises, LIC Housing & Kotak Mahindra Bank..
Weak Futures
This is list of 10 Weak Futures: Rel Comm.,Rel Infra, Jain Irrigation, Reliance Industries, JSW Steel, Dr. Reddys, IRB Infrastructure, Biocon, Tata Steel & Rel Capital.
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