Daily trend of the market is down
Market is taking a good counter rally 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.
___________________________________________________________
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
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, UCO Bank, ABB, Hind Petro, Dr Reddy, ONGC, Indian Bank, ITC, RECL & Power.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Educomp, Idea, DCHL, MTNL, MLL, Tata Steel, Mphasis & Bhushan Steei.
_________________________________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________
No comments:
Post a Comment