Daily trend of the market is down
Market is taking a much needed counter rally. But as overall trend of the market is down, so the readers who had quit their longs on 3rd June 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 longs posiitons in cash market on 3rd June may not buy till percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Dish TV, Hind Petro, Coal India, Britannia Ind, Ajanta Pharma, Hexaware, SRF, Bajaj Finance, BPCL & BHEL..
Weak Futures
This is list of 10 Weak Futures: JP Associates, Adani Power, Jindal Steel & Power, Sun TV, JP Power, IFCI, Indiabulls Real Estate, CEAT, Canara Bank & Rel Power.
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