Market is giving a much needed counter rally and
has reached its first resistance. But as overall trend is down, so the readers may
stay out of the market an d do not creates long positions 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,
Rcom, Indusind Bank, MC Dowell, Kotak Bank, LIC Hsg, Uco Bank, CESC, Ibrealest
& MRF.
Weak Futures
This is list of 10 Weak Futures: India Cement,
Punjlloyd, Opto Circuits, HDIL, GSPL, DLF, FRL, Ranbaxy, JP Associate &
Bank India
.
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