Daily trend of the market is down
The market is moving up but has strong resistance at current levels. Also the clearing is approaching, so it is expected to remain volatile. And as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
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Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
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Strong Futures
This is list of 10 Strong Futures: Indian Bank, DCB, Uco Bank, Pir Health, Andhra Bank, Sintex, Yes Bank, Allahabad Bank, Axis Bank & Corp Bank.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Triveni, Balrampur Chini, HDIL, Bajaj Hind, Sun Pharma, McDowell, BEL, Punj Lloyd & Maruti.
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