Market is still correcting and is near its first
major support. If this support is broken then market may come in downtrend. But
till overall trend of the market remains up, the readers who have bought longs
on 1st august may go on holding them.
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Percentage above support
Percentage of stocks above support is now below 50%,
so the readers who are holding longs in cash market may now quit them and do
not create nay long positions in deliveries till the percentage above support remains less than
50%.
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Strong Futures
This is list of 10 Strong Futures: MTNL, Tech M,
Apollo Tyre, SRE Infra, Ranbaxy, MC Dowell, Hind Uni Lvr, MRPL, Cipla &
GSPL.
Weak Futures
This is list of 10 Weak Futures: S Kumars, IFCI,
GMR Infra, Adanient, Ibrealest, JP Power, LITL, Opto Circuit, Suzlon &
Patel Eng.
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