Daily trend of the market is down
Market is remaining sideways but as there is strong resistance at current levels and also due to the negative global cues it is expected that the market may fall down in the coming trading sessions. 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, Andhra Bank, Uniphos, UCO Bank, LITL, Pir Health, Nagarjuna Const, RNRL & Cummins India.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Balrampur Chini, Sun Pharma, Triveni, Tech Mahindra, Bajaj Hind, Idea, BEL, HDIL & Maruti.
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