Daily trend of the market is up
Market is moving in a very small range between 5350 and 5500. A break either side will give further direction to the market. So it is better to remain cautious. And as the trend is still 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: UCO Bank, Cummins India, Allahabad Bank, Tata Motors, Orient Bank, Tata Comm, Tata Chem, Bank Of India, SBIN & Andhra Bank. .
Weak Futures
This is the list of 10 Weak Futures: RNRL, Sesa Goa, Suzlon, RCOM, Punj Lloyd, Nagar Const, Rel Infra, R Power, Cipla & EKC.
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