Daily trend of the market is down
Market is trading 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 still above 50%, so the readers who had created long positions in cash market on 19th May may hold them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: Jubilant Food, Jain Irrigation, Adani Enterprises, Eicher Motors, Vedanta, Eicher Motors, UPL, Rel Infra, UBI & UltraTech..
Weak Futures
This is list of 10 Weak Futures: JP Power, JP Associates, Shriram Trans, DLF, NTPC, HDIL, Untiech, Canara Bank, Arvind & TVS Motor
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