Sunday, July 25, 2010

Outlook for 26th July 2010

Daily trend of the market is up
Ihe market has took support at 5350- 5300 levels and has started to go up. So till the trend remains up, 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: Sintex, Idea, Titan, Allahabad Bank, UCO Bank, Crompton Greaves, Bharti Airtel, JSW Steel, Orchid Chem & Syndicate Bank.
Weak Futures
This is the list of 10 Weak Futures: RNRL, KS Oils, TV-18, Dr Reddy, GT Offshore, Polaris, Finance Tech, Praj Ind, GE Shiping & Balrampur Chini.
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