Daily trend of Nifty is up
Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 8950 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is up.
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Strong Futures
This is list of 10 Strong Futures: INDO COUNT, Apollo Tyres, MRF, Torrent Power, CEAT, Oriental Bank of Commerce, MAHINDRA & MAHINDRA FINA, Power Finance Corporatio, Housing Developmen and Grasim
Weak Futures
This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular, Jaiprakash Associates, Dr. Reddys Lab, Bharti Airtel, NMDC, ICICI BANK, United Spirits Limited, Punjab National Bank and Axis Bank
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