Daily trend of the market is down
Market is still going down and the major support is very near from where market is expected to bounce back., but if this support is broken then market can come in downtrend. Till the trend of the market remains up, the readers who had created long positions in nifty on 27th June when nifty closed above 5500 ___________________________________________________________
Percentage above support
Percentage of stocks above support is marginally above 50%, but the readers may not create positions in cash market and wait for more clarity to come
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Strong Futures
This is list of 10 Strong Futures: Dish TV, CESC, Bata India, MRF, Godrej Ind, Renuka, Colpal, Pantaloon, Hind Const & Tech M.
Weak Futures
This is the list of 10 Weak Futures: GTL Infra, LITL, Sterling Bio, Sun TV, S Kumars, Orchid Chem, OnMobile, KS Oils, Ambuja Cement & Escorts.
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