Daily trend of the market is down
Due to strong resistance at 5300-5320 levels and negative global cues the market started falling down. Also the clearing is approaching, so expect market to remain volatile. So 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, LITL, Bank of India, Bank of Baroda, Andhra Bank, Yes Bank, ALBK, Power Grid & GE Shiping..
Weak Futures
This is the list of 10 Weak Futures: Balrampur Chini, Renuka, Triveni, Bajaj Hind, Tech Mahindra, HDIL, Maruti, McDowell, Sail & Suzlon.
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