Daily trend of the market is down
After touching a major resistance market has started falling again. And as overrall trend is still 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: Eicher Motors, Vedanta, Eicher Motors, Aditya Birla Nuvo, UPL, Adani Ports and Special, Bajaj Auto, Aurobindo Pharma & Ashok Leyland..
Weak Futures
This is list of 10 Weak Futures: Wockhardt, Shriram Trans, JP Associates, JP Power, Jindal Steel & Power, Hexaware, Exide Industries, UCO Bank, Unitech & OBC
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