Tuesday, August 04, 2009

Outlook for 5th August 2009

Daily trend of the market is up.
Market has become overbought and is likely to give some correction but the readers who are long in Nifty bought on 16th July may go on holding them till the trend does not turn to down.
______________________________________________
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%

__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Bharat Forge, Patni, Tata Motors, Hindalco, ABAN, Jindal Saw, Aurobindo Pharma, Renuka, DCHL & Maruti
Weak Futures
This is the list of 10 Weak Futures: Divi Lab, Patel Eng, Sun Pharma, Chambal Fert, Cromp Greav, KFA, Suzlon, ABB, R Power & RNRL.
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________

No comments: