Daily trend of the market is down
Market has moved sideways and seems as if it might give a counter rally. But as overall trend is down, so the readers who had quit their longs on 4th August may stay out of the market and do not create nay longs positons till the trend remains down
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit the longs in 4th august, may stay out of the market and do not create long poisitons in cash market till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Just Dial, Glenmark, Bharat Forge, Hind Uni Lvr, Lupin, Bharti Airtel, Tata Chemical, Hind Petro, OFSS & Hindalco.
Weak Futures
This is list of 10 Weak Futures: Syndicate Bank, Andhra Bank, NHPC, JP Power, IBrealest, Biocon, Jindal Steel, Reliance, Tata Power & Unitech.
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