Daily trend of the market is down
Market has broken its daily support level and has come in downtrend. So the readers who had created long positions in Nifty on 23rd July may now quit them and stay out of the market till the trend remains down.
Percentage above support
Percentage of stocks above support is now below 50%, so the readers who had created long positions in cash market on 23rd july may now quit the longs and do not create nay long positions till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Glenmark, IDEA, Just Dial, Bharti Airtel, Hind Uni Lvr, Lupin, Exide Ind, Petronet, IGL & Sun Pharma..
Weak Futures
This is list of 10 Weak Futures: LT, Jindal Steel, Unitech, JP Associates, JP Power, Apollo Tyre, IBrealest, Cairn, Tata Power & NHPC.
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