Daily trend of the market is down
As the market is now in downtrend, so the readers must have quit the longs in Nifty. Now is it advisable not to create any long positions and stay away from the market.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may not create long positions in cash market till the percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Suzlon, Adani Ports, DLF, IOC, Sun TV, NHPC, Asian Paint, Zeel, Sun Pharma & Kotak Bank.
Weak Futures
This is list of 10 Weak Futures: Opto Circuits, HDIL, Jub Food, JP Associat, IVRCL Infra, UCO Bank, Raymond, Jain Irrigation, Hexaware & Andhra Bank.
As the market is now in downtrend, so the readers must have quit the longs in Nifty. Now is it advisable not to create any long positions and stay away from the market.
__________________________________________________________
Percentage above support
Percentage of stocks above support is still below 50%, so the readers may not create long positions in cash market till the percentage above support remains below 50%.
______________________
Strong Futures
This is list of 10 Strong Futures: Suzlon, Adani Ports, DLF, IOC, Sun TV, NHPC, Asian Paint, Zeel, Sun Pharma & Kotak Bank.
Weak Futures
This is list of 10 Weak Futures: Opto Circuits, HDIL, Jub Food, JP Associat, IVRCL Infra, UCO Bank, Raymond, Jain Irrigation, Hexaware & Andhra Bank.
