Daily trend of the market is up
Market is still continuing with its correction and is near its major support. If the market is able to take this support then we may see a good uptrend move, but it the market breaks the support then may come in downtrend. But till the trend remains up, the readers who had created long positions in Nifty on 16th January may go on holding them
Percentage above support
Percentage of stocks above support is now below 50%, so the readers who are holding longs in cash market may now quit them and do not create any long positions in cash market till the percentage above support remains below 50%.
Strong Futures
This is list of 10 Strong Futures: HDIL, UPL, HCL Tech, Adani Enterprises, Wockhardt, Siemens, Wipro, Dabur India, Indiabull Real Estate & Jubilant Food.
Weak Futures
This is list of 10 Weak Futures: OBC, BOB, PNB, UBI, IOB, Crompton Greaves, Rel Comm., Allahabad Bank, AmtekAuto & UCO Bank.
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