Thursday, July 16, 2009

Outlook for 17th July 2009

Daily trend of the market is now up.
The market has remained sideways, but it is still in uptrend so the readers who are long in Nifty bought on 16th July may go on holding 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 who have created positions in deliveries may hold them till the percentage support remains more than 50%

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Strong Futures
This is list of 10 Strong Futures:GSPL, Sesa Goa, Patni, Opto Circuits, Gail, Tulip, Grasim, Edu Comp, Cipla & REC Ltd
Weak Futures
This is the list of 10 Weak Futures: DCB, FSL, Orchid Chem, GTL Infra, Nagar Fert, Praj Ind, Moserbaer, Sintex, Bajaj Hind & KFA.
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