Daily trend of the market is down
Market is very near to its major resistance level, which if broken then will come in uptrend. But as over all 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 now above 50%, so the readers who had quit the long positions in cash market on 22nd April may now create long positions in cash market and hold them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: Jubilant Food, Eicher Motors, Adani Enterprises, Jain Irrigation, UPL , Vedanta, Eicher Motors, Apollo Tyres, MindTree & Dish TV.
Weak Futures
This is list of 10 Weak Futures: JP Power, JP Associates, DLF, HDIL, Shriram Trans, Wockhardt, Unitech, NTPC, PTC India & Just Dial
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