Daily trend of the market is up
Since past many days market has been trading in a very small range and not able to break out from it. Now that the clearing is over, so market is expected to settle down and show more clarity. But 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: BPCL, UCO Bank, Hind Petrol, Bhushan Steel, Crompton Greaves, Petronet, Orient Bank, KFA, Patni & Jindal Steel.
Weak Futures
This is the list of 10 Weak Futures: Nagar Cont, EKC, Punj Llyod, Patel Eng, Rel Infra, RCOM, Tech Mahindra, HCC, Sesa Goa & Aban Off shore
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