Daily trend of the market is down
Market is trying to take some counter rally but as overall market is weak, so is unable to go up. 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, ABB, Hind Petro, Gail, UCO Bank, BPCL, Divi'S Lab, RECL, PFC & Titan.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, Educomp, HDIL, Sesa Goa, MTNL, Tata Steel, Ster, Punj Lloyd, Moser Bear & Hindalco.
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