The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are 53% of stocks which are above support and 47% stocks are below support. When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. This percentage when comes below 10%, we consider the markets as quite oversold and when it is above 90% as quite overbought. So after a long time this percentage has come above 50% implying that a new uptrend has started in cash stocks and time has come to buy deliveries.
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