Monday, July 20, 2009

Outlook for 21st July 2009

Daily trend of the market is now up.
Though a healthy correction is due in the market but it is going up strongly. So as it is still in uptrend, 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 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: Sesa Goa,HCL Tech,DCHL,Polaris, Wipro,TechM,Indusind Bank,Grasim,Yes Bank and Hero Honda
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Nagarjuna Fert, Sintex Indus, Bajaj Hind, Suzlon, KSOILS, Pantaloon, GTL INFRA, Chambal Fert and Moser Baer
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