Monday, July 06, 2009

Outlook for 7th July 2009

Daily trend of the market is down.
It is expected that market will remain volatile and as it is still in downtrend, so is it recommended that no long positions in Nifty be created till the market does not come in uptrend
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Percentage above support
Percentage of stocks above support is below 50% so it is recommended that the long term investors do not create any fresh positions in deliveries and stay away __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Edu Comp, Patel Eng, GT Off Shore, Tulip, Colpal, Gail, Dabur, Titan, Hind Uni Lever & Cipla
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Tata Motors, Bhusan Steel, Bharat Forge, BRFL, Ad Labs Film, Praj Ind, Nation Aluminium, Aban & RCOM
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