Thursday, July 30, 2009

Outlook for 31st July 2009

Daily trend of the market is up.
Clearing is over and market is now expected to resume its rise, so the readers who sre 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, Patni, MPHASIS, GSPL, Tata Motors, Rolta, Jindal Saw, RECL, Bharat Forg & Maruti
Weak Futures
This is the list of 10 Weak Futures: EKC, SunPharma, ABB, Reliance, RPL, BRFL, IVRCL Infra & National Aluminium
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