Daily trend of the market is down
After taking a small counter rally market has restarted going down. So as overall trend of the market is down, 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, Bajaj Finance, HPCL, Britannia Ind, Coal India, BPCL, GAIL, Ajanta Pharma, Power Grid & Engineers India.
Weak Futures
This is list of 10 Weak Futures: JP Associates, Jindal Steel & Power, Adani Power, JP Power, Indiabulls Real Estate, Sun TV, IFCI, HDIL, Rel Power & The India Cements.
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