Daily trend of the market is down
Market has support at current level so some counter rally is expected but as over all trend of the market 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: Ashok Ley, Pir Health, Andhra Bank, UCO Bank, DCB, ICSA, Indian Bank, Hind Petro, BPCL & Lupin.
Weak Futures
This is the list of 10 Weak Futures: RNRL, Balrampur Chini, Aban Off shore, Renuka, HDIL, ABB, Bajaj Hind, Ster, Educomp & Tech Mahindra.
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