Daily trend of the market is down
Market is trying to take a counter rally but is unable to do so. And as overall trend remains down so the readers who had quit their longs on 22nd April 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 still below 50%, so the readers who had quit the long positions in cash market on 22nd April are advised not to create long positions till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: UPL , Tata Steel , M&M Fin., Century Textiles, Adani Enterprises, India Bull Fin., ICICI Bank, Maruti Suzuki & Sesa Sterlite.
Weak Futures
This is list of 10 Weak Futures: Wockhardt , JP Associates, Indiabulls Real Estate, Just Dial, Bosch, JP Power, Apollo Hospitals, UBI, Unitech & Sun TV.
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