Tuesday, July 13, 2010

Outlook for 13h July 2010

Daily trend of the market is up
Even though majority of the markets worldwide are still in downtrend, Indian Stock Market is going strongly up,So the readers who had created long positions in Nifty on 15th June may go on holding the longs.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who have created positions in cash market may hold them till the percentage of shares above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Idea, Polaris, Hind Petro, Bharat Forg, MRPL, Bharti Airtel, BPCL, Orchid Chem, Aban Off shore & GTL.
Weak Futures
This is the list of 10 Weak Futures: RNRL, TV-18, Uniphos, ACC, Sterling Biotech, Ambuja Cement, KS Oils, Patni, GT Offshore & Glaxo.
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