Daily trend of the market is down
Market is continuing with its counter rally and is very near its first resistance. But as overall trend is still down, so the readers who have quit the longs on 11th July may stay out of the market and do not create any long positions in Nifty till the trend remains down.
Percentage above support
Percentage of stocks above support is above 50%, but is is still advisable for the readers to wait for the market to come in uptrend before creating long poisitons.
Strong Futures
This is list of 10 Strong Futures: Bharat Forge, Century Tex, IDFC, Adani Ports, Just Dial, Ranbaxy, Sun Pharma, Hindalco, Tata Steel & Petronet.
Weak Futures
This is list of 10 Weak Futures: GMR Infra, Reliance, PFC, Unitech, Union Bank, Oriental Bank, Andhra Bank, IOB, IBrealest, Canara Bank
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