Wednesday, July 15, 2009

Outlook for 16th July 2009

Daily trend of the market is now up.
The rally of the market has turned the daily trend of Nifty to uptrend, so the readers may create long positions in Nifty and hold them till the trend does not turn to down.
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Percentage above support
Percentage of stocks above support is now more than 50% so the long term investors may create fresh positions in deliveries and hold them till the percentage support remains more than 50%

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Strong Futures
This is list of 10 Strong Futures: Tcs, Sesa Goa, Tulip, PFC, Edu Comp, Grasim, Indus Ind Bank, LITL ,Patni & Bhushan Steel
Weak Futures
This is the list of 10 Weak Futures: Amtek Auto, Nagar Fert, Praj Ind, Mosear Bear, Bajaj Hind, Chambal Fert, Essar Oil, Adlab Films, BRFL & Orchid Chem.
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