Monday, August 17, 2009

Outlook for 18th August 2009

Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 18th August between 8 am till 9 am on programme Your Stocks
Daily trend of the market is down.
The market has come in downtrend so it is advisable to quit the longs in Nifty and do not create any long positions till nifty does not come in uptrend
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Percentage above support
Percentage of stocks above support is barely 50% ,so it is advisable that the readers may quit the held deliveries at any counter rally and then do not invest fresh in deliveries
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Strong Futures
This is list of 10 Strong Futures: Bhushan Steel, Cummins, Aurobindo Pharma, Patni, Jindal Saw, Tata Motors, Great Offshore,HCL Tech, Ranbaxy and Mphsis
Weak Futures
This is the list of 10 Weak Futures: Suzlon, Nagarjuna Constr, RComm, Chambal Fert, JP Associates, Union Bank Of India, Ivrcl Infra, Nagarjuna Fert, Hero Honda and MLL.
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