Daily trend of the market is up
Market is taking the correction as expected and as the clearing is approaching so expect the volatility to continue. But the trend is still up, so 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 Petronet, BPCL, KFA, Bhushan Steel, UCO Bank, Hind Petrol, Tata Chem, Orient Bank, Patni & Jindal Steel.
Weak Futures
This is the list of 10 Weak Futures: Nagar Cont, HCC, Patel Eng, EKC, Rel Infra, Sesa Goa, Punj Llyod, Ivrcl Infra, KS Oils & GLAXO.
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