World markets were sharply lower Monday amid signs of U.S. economic sluggishness and escalating worries about Europe's debt crisis after Italy and Greece were slapped with credit downgrades.
Market has again become volatile and is now oversold where it is expected to consolidate and remain sideways. But as overall trend is still down, the readers may stay away from the market and do not create any long positions till the trend remains down.
Percentage of stocks above support is still below 50%, so it is recommended not to buy or hold
deliveries till the percentage of stocks above support does not come above 50%.
Strong Futures
This is list of 10 Strong Futures: Titan, Asian Paints, Divis Lab, Mundra Port, Ranbaxy, Hind Uni Lvr, Bata India, Hero Honda, Dish TV & Dabur.
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Patni, Rel Media, Jindal Saw, Unitech, SBI, Canara Bank, LITL, GT Offshore & Pir Health.
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