Daily trend of the market is down
The counter rally is still continuing, but 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 below 50%, so it is advisable that the readers do ot create any positions in cash markets. We will wait for the market to come in uptrend and also the percentage of stocks above support to come above 50% before we start creating fresh long positions in cash market
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Strong Futures
This is list of 10 Strong Futures: Federal Bank, UCO Bank, ONGC, Uniphos, Hind Petro, Dr Reddy, Vijaya Bank, Indian Bank, Tulip & BPCL.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, Suzlon, MTNL, Idea, Mphasis, Tech Mahindra, Tata Steel & Triveni.
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