Daily trend of the market is up
Today we witnessed a sharp rally, but as there is resistance at the 5500 level, 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, Vijaya Bank, Tata Motors, Tata Chem, Tata Comm, Andhra Bank, Syndicate Bank, Cummins India, Bank of Baroda & Dena Bank.
Weak Futures
This is the list of 10 Weak Futures: Suzlon, RNRL, Sesa Goa, Aban Off shore, Punj Lloyd, RCOM, Rel Infra, R Power, Cipla & ICSA.
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