Market has its first resistance at current levels
from where a sideways consolidation might come in the market. But as overall
trend of the market is still up, so the readers who have bought longs on 1st
august may go on holding them till the trend remains up.
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Percentage above support
Percentage of stocks above support is now above 50%,
so the readers may create longs positions in cash market and hold them till the
percentage above support remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: MTNL, TTK
Prestige, Zeel, Grasim, Cipla, Ambuja Cement, Tata Global, Dish TV, RECL Ltd
& MC Dowell.
Weak Futures
This is list of 10 Weak Futures: S Kumar, BEML,
Union Bank, RCOM, Adanient, Alok Text, IOB, Welcorp, Bank Of India &
Escorts.
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