Daily trend of the market is up
The market is again taking a correction, but at present it is at its major support, if that support is broken then the trend may turn to downtrend. But till the trend is up, the readers who had created long positions in Nifty on 15th June may go on holding the longs.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who have created positions in cash market may hold them till the percentage of shares above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Hind Petro, GTL Infra, BPCL, ONGC, Aban Off shore, RCOM, RNRL, Bajaj Auto, Orchid Chem & BRFL.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Mphasis, Jindal Steel, HCL Tech, DCHL, Yes Bank, Sail, Pir Health, Hindalco & India Cement.
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