Monday, August 03, 2009

Outlook for 4th August 2009

Daily trend of the market is up.
Market is still continuing with its upward movement, so the readers who are 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: Bharat Forge,Patni,Mphasis,TataMotors,ABAN,Aurobindo Pharms,DCL,Bhushan Steel,Jindal Saw and Hindalco.
Weak Futures
This is the list of 10 Weak Futures: Divi Lab,Suzlon,Sun Pharma,EKC,BRFL,Titan Inds,Chambal Fert,Patel Engir,IOC and Union Bank Of India.
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