Daily trend of the market is down
Market is in a corrective mode but has good supports at current levels. And as overall trend of the market is still up, the readers who have created long positions in nifty on 27th June when nifty closed above 5500, may hold them till the trend remains up.
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Percentage above support
Percentage of stocks above support is below 50%, so the readers had been holding longs in cash market may quit them and do not create fresh long positions till the percentage of stocks above support remains below 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: CESC, Dish TV, Bata India, Renuka, Jain Irrigation, Godrej Ind, MRF, Punjlloyd, Pantaloon & Raymond.
Weak Futures
This is the list of 10 Weak Futures: GTL Infra, Sun TV, LITL, Orchid Chem, OnMobile, KS Oils, S Kumars, Ambuja Cement, Sail & Escorts.
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