Daily trend of Nifty is up
Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 9000 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. Rather than being smooth, now markets have become erratic and volatile with gap up or gap down opening and then playing a spoilsport for the intraday technical traders eating their stoploss. Today Rupee and bond market was closed so gave no cue of these two asset classes. One thing is for sure, one needs to be quite careful at these levels. But well, as they say that till the trend is up, the benefit of doubt is to uptrend.
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Strong Futures
This is list of 10 Strong Futures: Jet Airways, MAHINDRA & MAHINDRA FINA, INDO COUNT, Bank of India, Oriental Bank of Commerce, Century Textiles, SHRIRAM TRANS FIN CO., Development Credit Bank, Sintex Industries and CG POWER AND INDUSTRIAL
Weak Futures
This is list of 10 Weak Futures: Idea Cellular, Divi s Laboratories, TECH MAHINDRA, Jaiprakash Associates, Apollo Hospitals,Tata Communications, COALINDIA, NMDC,Oil & Natural Gas Corp & Ashok Leyland
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