Market has closed below its important support level
and has come in downtrend. So the readers who had been holding longs since in
Nifty since 17th April may now quit the longs and stay away from the market
till the trend remains down.
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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 long positions till the percentage above support remains less than 50%.
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__
Strong Futures
This is list of 10 Strong Futures: Adani Power,
United Phos, United Spirit, LIC Housing, Sun Pharma, MRF, Hind uniLvr, Kotak
Mahindra, Hindalco and Shriram Trans.
Weak Futures
This is list of 10 Weak Futures: Opto Circuits,
India Cem, Punj Lloyd, FRL, DLF, Unitech, Jaiprakash Asso, Ranbaxy Lab, IFCI,
and Renuka
.
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