Daily trend of the market is down
Market is moving sideways and is at its major support from where a counter rally is expected. But as overall trend is still down, so the readers who had quit their longs on 12th March may stay out of the market and do not create any long positions till the trend remains down.
Percentage above support
Percentage of stocks above support is stillbelow 50%, so the readers who had quit the longs in cash market on 12th March may not create any longs till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Strides Arcolab, Wockhardt, Aurobindo Pharma, IDEA, Ranbaxy, Sun Pharma, Apollo Hospitals, DLF, Siemens & Lupin
Weak Futures
This is list of 10 Weak Futures: IOB, GMR Infra, Apollo Tyres, Hindalco, Cairn, IRB Infra, ITC, Bajaj Auto, BOI & Sesa Sterlite.
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