Wednesday, August 19, 2009

Outlook for 20th August 2009

Daily trend of the market is down.
As the daily trend of the market is down so it is advisable that the readers 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, Patni, FSL, Mphasis, Tulip, Oracle Fin Serv, GSPL, Aurobindo Pharma, Jindal Saw & Polaris Software
Weak Futures
This is the list of 10 Weak Futures: Chambal Fert, RCom, Hero Honda, ACC Ltd, Dabut India, Rel.Capital, Nagarjuna Fert, Essar Oil, Suzlon & India Cements.
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