Market is still continuing with its correction and
has reached its first support from where market is expecting to restart its
upward move. And as overall trend is still up, the readers who are holding longs in Nifty since
17th April may go on holding them till the trend remains up.
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Percentage above support
Percentage of stocks above support is still above 50%,
so the readers who are holding longs in cash market may go on holding them till
the percentage above support remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: Adani Power,
Crompton Grea, United Spirit,LIC Housing, United Phos, MRF Ltd, RCOM, CESC,
Hindalco and Uco Bank.
Weak Futures
This is list of 10 Weak Futures: Opto Circuits,
India Cem, FRL, Punj Lloyd, Renuka, Divi s Lab, IFCI, SAIL, DLF and Hexaware
Techno
.
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