Wednesday, July 08, 2009

Outlook for 9th July 2009

Daily trend of the market is down.
Market has fallen quite a lot now, so a small counter rally is expected . But as market 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: Colpal, Dr.Reddy, BEML, ITC, Strtech, GTOff Shore, Shree Cem, BPCL, Gail & Biocon
Weak Futures
This is the list of 10 Weak Futures: Aban, Essar Oil, TCS, Moser Bear, Bom Dyeing, Suzlon, Adlabs Film, Bhushan Steel & HDIL
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