Wednesday, July 22, 2009

Outlook for 23rd July 2009

Daily trend of the market is up.
Market is giving us the much needed healthy correction. But as market 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: DCHL, Sesa Goa, Punj Lloyd, Yes Bank, GSPL, Wipro, Aurobindo Pharma, Jindal Steel, HCL Tech & MPHASIS
Weak Futures
This is the list of 10 Weak Futures: Pantaloon, Chambal Fert, Suzlon, PYC, Orchid Chem, GTL Infra, R Com, FSL & Praj Industries
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