Daily trend of the market is down
Global cues has started pulling the market down again but it has come near its major support so we do expect market to consolidate at current levels. 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 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: Federal Bank, EKC, ABB, Titan, Tata Tea, Glaxo, DCB, Dena Bank, Hind Petro & Opto Circuits.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, RNRL, MTNL, Educomp, Ster, Hind Zinc, Punj Lloyd, Idea, Tata Steel & Moser Baer.
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