Daily trend of Nifty is up
Our trend of Nifty came in uptrend on 30th December, 2016 closing. (closing was near 8200 levels that day)
Trend of Nifty is still up. Nifty has nearly taken a 1000 points rally since our trend came up. Good to see the markets taking a small rally but overall in an uptrend, the markets are consolidating at higher levels. A correction can be of two types, namely a time correction or a points correction. In a time correction, markets just consolidates sideways and a in a point correction, markets take a sudden correction of points and then go up. It seems here the sideways time correction is taking place. Let us wait with our holdings till trends are up.
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Strong Futures
This is list of 10 Strong Futures: Rural Electrification, Karnataka Bank, MAX FINANCIAL, Power Finance Corporatio, Container Corp of India, Oriental Bank of Commerc, CEAT, ADANIENT, Apollo Tyres and BHARAT ELECTRONICS
Weak Futures
This is list of 10 Weak Futures: ADANIPOWER, INFIBEAM INCORPORATION, JUBLFOOD,BHARAT FINANCIAL, Infosys, Hindustan Zinc, Tata Power, Ashok Leyland, JUST DIAL & HCL Technologies
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